NRS 118A.349 Rights, obligations and liabilities of landlord and tenant after
voluntary transfer or sale of property; notice to tenant or subtenant.
1. If the property in which the premises
are located has been voluntarily transferred or sold, absent an agreement
between the new owner and the tenant to modify or terminate an existing rental
agreement:
(a) The new owner has the rights, obligations and
liabilities of the previous owner or landlord pursuant to this chapter under
the rental agreement which the previous owner or landlord entered into with the
tenant or subtenant regarding the premises;
(b) The tenant or subtenant continues to have the
rights, obligations and liabilities that the tenant or subtenant had pursuant
to this chapter under the rental agreement which the tenant or subtenant
entered into with the previous owner or landlord regarding the premises; and
(c) Upon termination of the previous owner’s
interest in the premises by a voluntary transfer or sale, the previous owner
shall transfer the security deposit in the manner set forth in paragraph (a) of
subsection 1 of NRS 118A.244. The
successor has the rights, obligations and liabilities of the former landlord as
to any security deposit which is owed under NRS
118A.242 at the time of transfer.
2. The new owner pursuant to subsection 1
must provide a notice to the tenant or subtenant within 30 days after the date
of the transfer or sale:
(a) Providing the contact information of the new
owner to whom rent should be remitted;