LAS VEGAS (KTNV) — The clock is ticking for Nevadans who rent to keep their business afloat or to keep a roof over their heads.
Starting July 1, landlords and lenders will once again be able to charge late fees, initiate lockouts, start evictions, for commercial tenants.
But Gov. Sisolak says late fees for non-payment cannot be charged retroactively.
Meanwhile, residential evictions along with foreclosures due to non-payment of rent and mortgages will resume in full on Sept. 1.
However, some residential tenants can be evicted before that. Those tenants include those with no lease or "at-will," unlawful business, nuisance tenants in violations of controlled substance laws, and in violation of lease conditions other than non-payment of rent.
The governor is strongly urging landlords and tenants to work together. One key piece of advice from property managers is to make sure to get that payment plan in writing.
The Nevada State Treasurer's Office is working on coordinating a rental assistance program to help residential and commercial tenants. More information on the rental assistance program will be announced in the coming weeks.