Nevada Revised Statutes 597.040 – Required disclosures: Manner of making; transactions with multiple lessors; effect of inaccuracy caused by customer
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1. The disclosures required to be made by NRS 597.030 must be made:
Terms Used In Nevada Revised Statutes 597.040
- 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) At or before the consummation of the lease agreement with an option to purchase; and
(b) Clearly and conspicuously in writing on the face of the agreement, directly above the line for the customer’s signature.
2. In a transaction involving more than one lessor, only one lessor is required to make the required disclosures, but all lessors are bound by those disclosures.
3. If a disclosure becomes inaccurate after it is delivered to the customer because of an act or omission of the customer, the resulting inaccuracy is not a violation of the provisions of NRS 597.010 to 597.110, inclusive.