Under Nevada law, what is a holdover tenant?

A holdover tenant is specifically defined in Nevada law as someone who remains in a rental unit after the expiration of their lease term, but with the permission of the landlord. This situation typically arises when the lease has officially ended, yet the landlord allows the tenant to continue occupying the property, either on a temporary basis or until a new agreement can be reached.

The concept of holdover tenancy is important because it demonstrates the potential for extending tenant rights even after a lease has expired, provided that there is mutual consent. This type of arrangement suggests a form of informal agreement between the landlord and tenant, indicating that the tenant is not necessarily acting in an unlawful manner, but rather in compliance with the landlord's permission.

In contrast to this, a tenant with a fully executed lease is still within the limits of their original contract, an illegally occupying tenant lacks any legal permission to reside in the property, and a tenant in a month-to-month agreement operates under different terms altogether, as they would typically have a continuing lease that can be terminated with notice. Understanding these distinctions is crucial for property management professionals in Nevada to navigate landlord-tenant relationships effectively.