NRS 100.135: Appraisal of vehicle when lease terminates or expires.
Where this section sits in the code
- TITLE 8 — COMMERCIAL INSTRUMENTS AND TRANSACTIONS
- CHAPTER 100 - SPECIAL RELATIONS OF DEBTOR AND CREDITOR; SURETYSHIP
- LEASING OF VEHICLES
- Consumer Vehicle Leases
If the commercial vehicle lease provides that the lessee is liable for an amount based on the residual value of the vehicle at the termination or expiration of the lease, the lessee may obtain, at his or her expense, a professional appraisal of the vehicle by an independent third party agreed to by both parties. An appraisal obtained pursuant to this section is final and binding on the parties.
Collected 2026-09-03T05:51:31Z. Source file · JSON