3-Day Right of Rescission
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3-Day Right of Rescission
Is there a 3-Day Right of Rescission period for an apartment lease contract in
Nevada?
Asked on October 30, 2017 under Real Estate Law, Nevada
Answers:
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 7 years ago | Contributor
Unfortunately, there is no right of recession with rental contracts. Once you sign a lease, you are obligated for the full term. That having been said, the landlord is under a "duty to mitigate dmages". this means that they must make a good faith, reasonable effort to re-rent the unit and can only hold you liable for the period up to when hthey can re-rent it.
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