{"data":{"id":"us-nv/nrs-115.005","jurisdiction":"us-nv","citation":"NRS 115.005","heading":"Definitions.","body":"As used in this chapter, unless the context otherwise requires:\n1. “Equity” means the amount that is determined by subtracting from the fair market value of the property the value of any liens excepted from the homestead exemption pursuant to subsection 3 of NRS 115.010 or NRS 115.090.\n2. “Homestead” means the property consisting of:\n(a) A quantity of land, together with the dwelling house thereon and its appurtenances;\n(b) A mobile home whether or not the underlying land is owned by the claimant; or\n(c) A unit, whether real or personal property, existing pursuant to chapter 116 or 117 of NRS, with any appurtenant limited common elements and its interest in the common elements of the common-interest community,\nÊ to be selected by both spouses, or either of them, or a single person claiming the homestead.","path":["TITLE 10 — PROPERTY RIGHTS AND TRANSACTIONS","CHAPTER 115 - HOMESTEADS"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-115.html#NRS115Sec005","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:32Z","sha256":"e9eedb680e9e46e31f002d7314220f597c13a1a5ecd28607fb1c3a3815afee85","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-113.150","next":"us-nv/nrs-115.010"},"notice":"GroundRules: Original legal text. Not legal advice."}