Nevada Revised Statutes 645.8711 – ‘Commercial real estate’ defined
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‘Commercial real estate‘ means any real estate located in this State. The term does not include:
Terms Used In Nevada Revised Statutes 645.8711
- real estate: means every interest or estate in real property including but not limited to freeholds, leaseholds and interests in condominiums, town houses or planned unit developments, whether corporeal or incorporeal, and whether the real property is situated in this State or elsewhere. See Nevada Revised Statutes 645.020
1. Improved real estate that consists of not more than four residential units;
2. Unimproved real estate for which not more than four residential units may be developed or constructed pursuant to any zoning regulations or any development plan applicable to the real estate; or
3. A single-family residential unit, including a condominium, townhouse or home within a subdivision, if the unit is sold, leased or otherwise conveyed unit by unit, regardless of whether the unit is part of a larger building or parcel that consists of more than four units.