Nevada Eviction Moratorium Extended 45 Days

Nevada Governor Steve Sisolak announced on Monday 8/31 that the statewide eviction moratorium has been extended for another 45 days.

The move came just in time as the previous eviction moratorium was slated to expire today, September 1st, 2020, at 12:01 am.

About The 45 Day Extension

With the Governor’s eviction moratorium extension also comes an increase of $10 million dollars in rental assistance as well that will enable counties to pay out financial assistance to landlords, fund unemployment claims, and mediation programs.

During his press conference on Monday, Governor Sisolak also stated that tenants who have been affected by the Coronavirus Pandemic still had an obligation to pay their rents.

Hopeful That Landlords And Tenants Will Work Together

Like other Governors across the United States, Sisolak is hopeful that both landlords and tenants will come together to work out rental payment arrangements so that tenants who are struggling financially can pay their landlords some of the money that they owe them.

The new alternative dispute resolution will certainly help landlords and tenants agree on back rent that’s owed before landlords choose to start the eviction process.

Governor Sisolak also empowered Nevada’s Supreme Court to waive its 60-day requirement for creating new rules for dispute resolutions. This is expected to streamline the dispute resolution process in the court system, and that’s a good thing, because once Nevada’s eviction moratorium expires for good, mass evictions are expected in Nevada.

California Also Extends Their Eviction Moratorium

Lawmakers in the State of California also extended their eviction moratorium through January 2021.

This new eviction moratorium (AB 3088) doesn’t give tenants a free ride of 5 months without having to pay their rents, California tenants have to pay 25% of their rents during this period and sign a document which states that they have been hurt financially during the Coronavirus pandemic.

Is Extending Eviction Bans Like Kicking The Can?

Extending Nevada and California’s eviction bans has been called “kicking the can” by many people because lawmakers continue to push back evictions for a few months when in reality the problem just gets worse with each eviction ban extension.

Like tenants in Nevada, California renters still have to pay back rent that they owe their landlords dating back to the start of the Pandemic.

Will tenants in either state be able to pay their landlords the back rent that they owe them?

Are small, ‘mom and pop’ landlords who have houses for rent in either state going to be able to survive for another 30 days or more without collecting money owed for rent?

The answers to these questions will only be known with time.

As with any other property manager in San Diego or Nevada, we’re hopeful that local economies will improve and eviction cliffs can be avoided because with fall and winter fast approaching, nobody in the United States wants to see more people living on the streets.

Get Boutique-Style Property Management From GoldenWest Management

At GoldenWest Management we specialize in ‘boutique-style’ property management. This means that we provide personalized service for all of our tenants so that each tenant feels like they are our only tenant.

If you need property management, or you’re tired of your current property manager and want a change, contact us today by calling (866) 545-5303 or click here to connect with us online.

Nevada Rental Market Update – The Eviction Moratorium During August 2020

One thing that’s been on the minds of renters in Nevada is the current eviction moratorium. Unless Governor Steve Sisolak extends it again, the Nevada eviction moratorium will expire on September 1st.

There’s no denying that evictions are a major concern for Las Vegas renters, especially after the recent expiration of the CARES Act eviction moratorium. The CARES Act eviction moratorium, which expired on July 24th, was initially put in place to prevent evictions and foreclosures during the onset of the COVID-19 pandemic

Tenants are left wondering what the future holds for them, as the Federal Government has made no moves to extend their eviction moratorium for another 120 days.

Will Governor Sisolak Extend the Nevada Eviction Moratorium?

Could we see evictions in Nevada next month? Right now, the answer to that question is unclear. The Governor of Nevada hasn’t indicated that he wants to extend the state eviction moratorium as of August 6th.

The Nevada Legislature recently passed pandemic eviction protections which could postpone evictions for another 30 days after the current Nevada eviction moratorium expires in September.

If the Governor signs this bill, it would enable landlords and tenants to pursue mediation first, before the owner or property management company pursues eviction.

Without the pandemic eviction protections bill being signed by the Governor, the Nevada Courts system would likely be overwhelmed. The court processed the relatively low number of 45,000 evictions in 2019. The Nevada rental market in 2020 could easily see triple that number of evictions.  

What Comes Next for the Nevada Rental Market?

As we approach September, and subsequently the expiration of the State of Nevada’s eviction moratorium, it’s clear that nobody wants to see nearly 300,000 Nevadans evicted. Landlords in Nevada need the eviction moratorium to end. A lack of revenue due to unpaid rent means many Nevada landlords are facing foreclosure. This means that we could see a foreclosure wave hit Nevada at the same time as evictions.

Want More? Contact GoldenWest Management

For more information about the Nevada rental market, or to speak with us about our property management services, contact us today by calling (866) 545-5303 or click here to connect with us online.