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2011 Nevada Revised Statutes
Chapter 482 - Motor Vehicles and Trailers: Licensing, Registration, Sales and Leases
NRS 482.053 - Lease, long-term lessee, long-term lessor, short-term lessee and short-term lessor defined.

Universal Citation:
NV Rev Stat ยง 482.053 (2011)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

For the purposes of regulation under this chapter and of imposing tort liability under NRS 41.440, and for no other purpose:

1. Lease means a contract by which the lienholder or owner of a vehicle transfers to another person, for compensation, the right to use such vehicle.

2. Long-term lessee means a person who has leased a vehicle from another person for a fixed period of more than 31 days.

3. Long-term lessor means a person who has leased a vehicle to another person for a fixed period of more than 31 days.

4. Short-term lessee means a person who has leased a vehicle from another person for a period of 31 days or less, or by the day, or by the trip.

5. Short-term lessor means a person who has leased a vehicle to another person for a period of 31 days or less, or by the day, or by the trip.

(Added to NRS by 1967, 704; A 1975, 1070)

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