482.053 - “Lease,” “long-term lessee,” “long-term lessor,” “short-term lessee” and “short-term lessor” defined. - Nevada 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:

      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)