Nevada Revised Statutes 107A.040 – ‘Assignment of rents’ defined
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‘Assignment of rents’ means a transfer of an interest in rents in connection with an obligation secured by real property located in this State and from which the rents arise.
Terms Used In Nevada Revised Statutes 107A.040
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.