Nevada Revised Statutes 159A.159 – Contract with broker to secure lessee
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The court may authorize the guardian to enter into a written contract with one or more licensed real estate brokers to secure a lessee of the protected minor’s property, which contract may provide for the payment of a commission, not exceeding 5 percent of the fixed rental for the first 2 years, to be paid out of the proceeds of any such lease.
Terms Used In Nevada Revised Statutes 159A.159
- Contract: A legal written agreement that becomes binding when signed.
- 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