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NRS 482.053

“Lease,” “long-term lessee,” “long-term lessor,” “short-term lessee” and “short-term lessor” defined

Applied in 1 court decision — leading case Nelson v. Planet Insurance (1995)

Most recently applied in Nelson v. Planet Insurance (November 1995)

(Added to NRS by 1967, 704; A 1975, 1070; 2021, 1853)

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 but does not include the sharing of a vehicle through a peer-to-peer car sharing program pursuant to chapter 482C of NRS.

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.

Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.