Nevada Property Law Flashcards

Nevada recognizes which concurrent ownership that includes a right of survivorship?

Answer: Joint tenancy

Joint tenancy in Nevada carries a right of survivorship, meaning a deceased joint tenant's interest automatically passes to the surviving joint tenants.

Under Nevada law, what are the four unities required to create a joint tenancy?

Answer: Time, title, interest, possession

Nevada requires the four unities of time (same time), title (same instrument), interest (equal shares), and possession (equal right to possess) to create a valid joint tenancy.

In Nevada, a mechanic's lien must be recorded within how many days of the completion of work?

Answer: 90 days

Under NRS 108.226, a notice of lien for a mechanic's lien must be recorded within 90 days after the date the work or service was completed or materials were last furnished.

Under Nevada's foreclosure law, which type of foreclosure is most commonly used?

Answer: Non-judicial (trustee's sale) foreclosure

Nevada primarily uses non-judicial foreclosure (trustee's sale) under NRS 107.080, which does not require court action and is faster than judicial foreclosure.

In Nevada, what is the redemption period after a non-judicial foreclosure sale?

Answer: There is no right of redemption after non-judicial foreclosure

Nevada eliminated the post-sale right of redemption for non-judicial foreclosures under NRS 107.080; no statutory right of redemption exists after a trustee's sale.

Nevada's landlord-tenant law requires a landlord to return a tenant's security deposit within how many days of move-out?

Answer: 30 days

Under NRS 118A.242, a Nevada landlord must return the security deposit (or provide an itemized written statement of deductions) within 30 days after the tenant vacates.