25 June 2020 – Lease addendum/promissory note for rental arrearages due to COVID-19

Type of Intervention: Advisory
Sectors Involved: Finance/Economy, Private Sector and Businesses
Level of Jurisdiction: NV
Lead People/Agency: Governor Steve Sisolak

Overview: COVID-19 Declaration of Emergency Directive 025 encourages landlords and tenants to use the Lease Addendum/Promissory Note for Rental Arrearages Due to COVID-19 form provided by the state of Nevada to help cure rental payment defaults of the original lease agreement. Private and commercial landlords are encouraged to enter a repayment agreement with their tenants for defaults in rental payments related to COVID-19. After entering this agreement, landlords are no longer allowed to evict. Begining July 31st, eviction actions may be initiated or re-initiated if in accordance with 1 of 4 scenarios. The new experation date for section 3 of Directive 008 regarding late fees and penalties is set fot August 31st at 11:59pm. Section 1 of Directive 008 is amended to allow commercial landlords to lockout and evict tenants when authorized and charge late fees and penalties on retail agreements or mortgages beginning June 30th.
Full details here: http://gov.nv.gov/News/Emergency_Orders/2020/2020-06-25_-_COVID-19_Declaration_of_Emergency_Directive_025_(Attachments)/

Type of Justification: Advice of INTERNAL government advisory committee or group, Advice of EXTERNAL expert advisor or advisory committee, Learning from other jurisdictions, Perception of an increased threat
Source of Evidence or Justification: World Health Organisation, National – academic
Evidence/Justification: “Entering into voluntary repayment agreements without legal action will provides a means of satisfaction of debts without overburdening and overwhelming the Nevada judicial system”