Nevada · statute · Nev. Rev. Stat. ch. 115 · 12 active provisions
As used in this chapter, unless the context otherwise requires: 1. “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. 2. “Homestead” means the property…
1. The homestead is not subject to forced sale on execution or any final process from any court, except as otherwise provided by subsections 2, 3 and 5, and NRS 115.090 and except as otherwise required by federal law. 2. The exemption provided in subsection 1 extends only to that amount of equity in the property held b…
1. The selection must be made by either spouse, or both of them, or the single person, declaring an intention in writing to claim the property as a homestead. The selection may be made on the form prescribed by the Real Estate Division of the Department of Business and Industry pursuant to NRS 115.025. 2. The declarati…
1. The Real Estate Division of the Department of Business and Industry shall: (a) Solicit recommendations from each county recorder concerning the design and contents of a form that may be used to make a declaration of homestead pursuant to NRS 115.020; and (b) Prescribe such a form after considering all recommendation…
Tenants in common may declare for homestead rights upon their respective estates in lands, and the improvements thereon; and hold and enjoy homestead rights and privileges therein, subject to the rights of their cotenants, to enforce partition of such common property as in other cases of tenants in common.
1. A mortgage or alienation of any kind, made for the purpose of securing a loan or indebtedness upon the homestead property, is not valid for any purpose, unless the signature of both spouses, when that relationship exists, is obtained to the mortgage or alienation and their signatures are properly acknowledged. 2. Th…
1. Whenever execution has been issued against the property of a party claiming the property as a homestead, and the creditor in the judgment makes an oath before the judge of the district court of the county in which the property is situated that the amount of equity held by the claimant in the property exceeds, to the…
Notwithstanding any other provision of law, the proceeds of $605,000 from the sale of a homestead pursuant to subsection 2 or 3 of NRS 115.050 are only exempt from execution if: 1. Such proceeds are reinvested in another property of like kind for which the declaration of a homestead will be made; and 2. The other prope…
Except as otherwise provided in a premarital agreement between a married couple which is enforceable pursuant to chapter 123A of NRS: 1. If the property declared upon as a homestead is community property, the married couple shall be deemed to hold the homestead as community property with a right of survivorship. Upon t…
1. If the spouse of any owner of a homestead is insane, and the owner desires to convey the homestead, or any interest therein, the owner may petition the district court in which the homestead is situated for license to convey the homestead. The court, upon reasonable and not less than 20 days’ notice of the petition t…
Nothing in this chapter shall be so construed as exempting any real or personal property from sale for taxes.
Nothing in this chapter exempts any real or personal property from any statute of this State that authorizes the recovery of money owed to the Nevada Health Authority as a result of the payment of benefits from Medicaid through the imposition or foreclosure of a lien against the property of a recipient of Medicaid in t…