Property Valuation
What is a retaliatory eviction and can it affect property management in Nevada?
AAn eviction for non-payment of rent; it is always legal
BAn eviction motivated by the landlord's desire to punish a tenant for exercising their legal rights (such as complaining about conditions); it is prohibited in Nevada✓ Correct
CAn eviction where the tenant retaliates against the landlord
DAn eviction that occurs without proper notice
Explanation
Nevada law (NRS 118A.510) prohibits retaliatory evictions — evictions motivated by a landlord's desire to punish a tenant for complaining about conditions, reporting violations, or organizing with other tenants.
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Key Terms to Know
Appraisal
A professional estimate of a property's market value prepared by a licensed or certified appraiser.
Capitalization Rate (Cap Rate)A rate used to estimate the value of income-producing property, calculated as Net Operating Income divided by property value.
Gross Rent Multiplier (GRM)A quick valuation metric for income properties calculated by dividing the property price by gross annual rental income.
Net Operating Income (NOI)The annual income generated by an income-producing property after subtracting operating expenses, but before debt service.
Math Concepts
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