To avoid conflict of interests, the landlord is mandated to inform the tenant of the intended change of ownership. This is because a change of ownership is a situation that can affect the tenant as much as it affects the landlord. Sometimes the landlord will choose to give a change of ownership eviction notice which is not really a must do while changing ownership. They say change is inevitable and that you must be ready for it when it comes. This is why it is strongly advised that the landlord informs all the tenants if he is planning to change the ownership of the leased property and the expected changes that may come with this change.
As any human being does, it takes time to conform to changes and that is why a 60/90 Day Notice of Change of Ownership has the largest grace period in comparison to most of the other eviction notices in Las Vegas. The change of ownership notice serves as an informal introduction of the new landlord to the tenants. There are several conditions that must be fulfilled in case the landlord hopes to change ownership. The burden here lies on the landlord to ensure that the transition process from one owner to another is as smooth as possible.
Depending on terms on change of ownership, the new owner may decide to keep the tenants or do away with them. If they decide to do away with them then the notice is expected to be considerate enough on their next residence, giving them enough time to get a place to settle. Tenant evictions in Las Vegas have been made to be as fair as possible through some well laid out rules. One of this states that the tenants will not be evicted if their tenancy period is not yet over upon selling of the property. Although the notice may be given earlier, it will give enough time for the closure of the leasing period as per the leasing agreement.
There are some instances in which the new landlord may choose to keep the tenants as they found them. Transitioning this type of ownership change is easier than in most other cases because it does not require a lot of ironing out as it maybe with other situations. In this case, the tenants are required to be served with the details of the new tenants and when the ownership change is expected to be effected. Under Nevada ownership change laws tenants on the other hand have the right to choose whether to continue with their tenancy or terminate it after the expiry of the leasing period. In case the new landlord decides to keep the tenants but on new conditions, he is not allowed to effect the conditions immediately the change of ownership has been effected.
Instead, he will have to wait until the expiry of the lease period to introduce these new conditions. The tenants on the other hand will have a right to choose to agree with the new terms or quit since their leasing period is over. There must always be a mutual understanding between a landlord and a tenant for peaceful coexistence regardless of the serving of a 60/90 day notice of change of ownership.
