"Lease," "long-term lessee," "long-term lessor," "short-term lessee" and "short-term lessor" defined.

  1. Law
  2. Nevada Revised Statutes
  3. Motor Vehicles and Trailers: Licensing, Registration, Sales and Leases
  4. "Lease," "long-term lessee," "long-term lessor," "short-term lessee" and "short-term lessor" defined.

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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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