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Do I have until the 15th to avoid eviction for nonpayment?

Do I have until the 15th to avoid eviction for nonpayment?

Q: Which kind of lease increases at specific intervals?

A lease that increases at specific intervals is commonly referred to as a step lease. This lease outlines predetermined increments for rent increases, which occur at specified times during the lease term, ensuring both parties are aware of future costs.

Q: Which type of lease allows for periodic rent adjustments?

A lease that allows for periodic rent adjustments is known as an adjustable-rate lease or a variable lease. This type of lease typically includes provisions for adjusting rent based on market conditions or inflation, providing flexibility for both the landlord and tenant.

Q: What does it mean if rent is payable in advance?

If rent is payable in advance, it means that the tenant must pay the rent for the upcoming month before that month begins. For example, if rent is due on the first of the month, it must be paid before that date, ensuring the landlord receives payment before the tenant occupies the property for that month.

Q: Which long-term lease has preset payment increases?

A long-term lease with preset payment increases is often called a fixed-rate lease with escalations. This type of lease specifies the rent amount for each year of the lease term, including agreed-upon increases at set intervals, providing predictability for both the landlord and tenant.

Full question:

I have a residential lease that provides as follows: Rent is payable monthly, in advance, at a rate of $1,000, per month, during the term of this agreement on the first day of each month at a certain location Another part of lease states the following:EVICTION: If the rent called for in paragraph 3 here of has not been paid by the 15th of the month, then management shall automatically and immediately have the right to take out a Dispossessory Warrant and have resident, his/her family and possessions evicted from premises. Does this mean you have until the 15th before the landlord can file for eviction for nonpayment?

Category: Landlord Tenant
Subcategory: Lease Termination
Date: 04/07/2025
State: Nevada

Answer:

This clause indicates that if the rent is not paid by the 15th of the month, the landlord can immediately file for eviction using a Dispossessory Warrant. However, eviction may also be pursued for other lease violations, which might require a different process than the Dispossessory Warrant.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

Which type of lease do the rent payments go up periodically on a predefined basis?

A lease that allows rent payments to increase periodically on a predefined basis is typically known as a graduated lease. This type of lease specifies the amount and timing of the rent increases, providing both the landlord and tenant with clarity on future payment obligations.