Nevada Revised Statutes 482.053 – ‘Lease,’ ‘long-term lessee,’ ‘long-term lessor,’ ‘short-term lessee’ and ‘short-term lessor’ defined
For the purposes of regulation under this chapter and of imposing tort liability under NRS 41.440, and for no other purpose:
Terms Used In Nevada Revised Statutes 482.053
- Contract: A legal written agreement that becomes binding when signed.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
- Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
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.