Nevada Revised Statutes 159A.161 – Petition for approval of lease: Content; conditions for approval
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1. Petitions to secure court approval of any lease:
Terms Used In Nevada Revised Statutes 159A.161
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
(a) Must include the parcel number assigned to the property to be leased and the physical address of the property, if any; and
(b) Must set forth the proposed fixed rental, the duration of the lease and a brief description of the duties of the proposed lessor and lessee.
2. Upon the hearing of a petition pursuant to subsection 1, if the court is satisfied that the lease is for the best interests of the protected minor and the estate of the protected minor, the court shall enter an order authorizing the guardian to enter into the lease.