Nevada Revised Statutes 322.070 – Leases of land for private development
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The State Land Registrar may lease for private development any land except contract land owned by the State of Nevada to produce public revenue. Such a lease may be for a term not to exceed 99 years.
Terms Used In Nevada Revised Statutes 322.070
- Contract: A legal written agreement that becomes binding when signed.
- 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