2. If the property has been sold as a
residential foreclosure, a tenant or subtenant in actual occupation of the
premises, other than a person whose name appears on the mortgage or deed, who
holds over and continues in possession of real property or a mobile home in any
of the cases described in paragraph (b) or (c) of subsection 1 may be removed
as prescribed in NRS 40.290 to 40.420, inclusive, after receiving a notice
of the change of ownership of the real property or mobile home and after the
expiration of a notice period beginning on the date the notice was received by
the tenant or subtenant and expiring:
(a) For all periodic tenancies with a period of
less than 1 month, after not less than the number of days in the period; and
(b) For all other periodic tenancies or tenancies
at will, after not less than 60 days.
3. During the notice period described in
subsection 2:
(a) The new owner has the rights, obligations and
liabilities of the previous owner or landlord pursuant to chapter 118A of NRS under the lease or rental
agreement which the previous owner or landlord entered into with the tenant or
subtenant regarding the property; and
(b) The tenant or subtenant continues to have the
rights, obligations and liabilities that the tenant or subtenant had pursuant
to chapter 118A of NRS under the lease or
rental agreement which the tenant or subtenant entered into with the previous
owner or landlord regarding the property.
4. The notice described in subsection 2
must contain a statement:
(a) Providing the contact information of the new
owner to whom rent should be remitted;