Property Management

What is a 'holdover tenant' in Nevada and how should a property manager handle this situation?

AA tenant who pays a higher rent to hold the property until the new owner moves in
BA tenant who remains in possession after their lease expires without signing a new lease; in Nevada, the landlord may treat the holdover as a month-to-month tenancy or pursue eviction✓ Correct
CA tenant required to hold their security deposit until the new tenant moves in
DA tenant who holds the keys for the outgoing tenant

Explanation

When a Nevada tenant stays beyond their lease expiration without renewal, they become a holdover tenant. Under NRS 118A, the landlord has options: accept rent and convert to a month-to-month tenancy (at the same or adjusted terms), or treat the holdover as an unlawful detainer and file for eviction. Accepting rent payment after lease expiration can inadvertently create a new month-to-month tenancy, so property managers must act promptly and communicate clearly.

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