Nev. Rev. Stat. § 115.005
Definitions
Nevada · Nevada Revised Statutes Chapter 115 — Homesteads · Status: effective
Cite this
- Citation
- Nev. Rev. Stat. § 115.005, Definitions, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2080911
- Permanent ID
ys:prov:2080911@1- SHA-256
917decd0670d6f79ae3716346f73f81467d30dbe71b1c216edc58412baa52bc5
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
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 consisting of:
(a) A quantity of land, together with the dwelling house thereon and its appurtenances;
(b) A mobile home whether or not the underlying land is owned by the claimant; or
(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,
Ê to be selected by both spouses, or either of them, or a single person claiming the homestead.