Here’s the latest news regarding Nevada’s eviction moratorium.
These are unprecedented times for real estate investors and property managers, and I have more news to share regarding the Nevada eviction moratorium.
As we know, about a month ago the governor set a timeline for the lift on tenant evictions. Lease violations could be filed in August, and evictions for nonpayment of rent could be filed in September. Just recently, though, the governor extended evictions for nonpayment of rent another 45 days.
His reasoning was that the state’s unemployment software is still broken and people haven’t gotten their unemployment assistance payments yet. During a recent special session of the Nevada Legislature, about $30 million was earmarked to go toward rental assistance, and the applications for that assistance are still being processed. In another special session, they passed a law allowing judges to court-order mediation between a landlord and tenant, which would extend the eviction another 30 days, but this mediation program isn’t up and running yet.
I wish I had better news for all the landlords and property managers out there. Over the past few months, I’ve been telling you that there was an end date for these updated eviction laws, but they’ve changed the rules all over again. I don’t know whether these timelines will be extended again, but if we have to do mandatory mediation, they’ll likely stretch all the way into December. Judges don’t like to make people homeless during the holidays, so I don’t foresee an end to the madness until January, February, or even March of 2021.
In the meantime, I’ll continue to work every avenue and find a solution for any party that’s involved in this type of situation. If you’re a landlord, mortgages, property taxes, HOA dues, and repair costs still need to be paid, but there doesn’t seem to be much relief on the way.
However, if you have questions about this topic or need any assistance, I’d be happy to speak with you and offer my advice. Just call or email me anytime!