NRS 482.31535
Permissible agreements between lessor and lessee as to responsibility for damage to or loss of passenger car leased for short term

  • determination of fair market value.

1.

Except as otherwise provided in NRS 482.3154, a short-term lessor and a short-term lessee of a passenger car may agree that the lessee will be responsible for:

(a)

Physical damage to the car, up to and including its fair market value, regardless of the cause of the damage.

(b)

Mechanical damage to the car, up to and including its fair market value, resulting from:

(1)

A crash;

(2)

An impact; or

(3)

Any other type of incident,
Ê that is caused by a deliberate or negligent act or omission on the part of the lessee.

(c)

Loss resulting from theft of the car, up to and including its fair market value, except that the lessee is presumed to have no liability for any loss resulting from theft if an authorized driver:

(1)

Has possession of the ignition key furnished by the lessor or establishes that the ignition key furnished by the lessor was not in the car at the time of the theft; and

(2)

Files an official report of the theft with an appropriate law enforcement agency within 24 hours after learning of the theft and cooperates with the lessor and the law enforcement agency in providing information concerning the theft.
Ê The lessor may rebut the presumption set forth in this paragraph by establishing that an authorized driver committed or aided and abetted the commission of the theft.

(d)

Physical damage to the car, up to and including its fair market value, resulting from vandalism occurring after or in connection with the theft of the car, except that the lessee has no liability for any damage resulting from vandalism if the lessee has no liability for theft pursuant to paragraph (c).

(e)

Physical damage to the car and loss of use of the car, up to $2,500, resulting from vandalism not related to the theft of the car and not caused by the lessee.

(f)

Loss of use of the car if the lessee is liable for damage or loss.

(g)

Actual charges for towing and storage and impound fees paid by the lessor if the lessee is liable for damage or loss.

(h)

An administrative charge that includes the cost of appraisal and other costs incident to the damage, loss, loss of use, repair or replacement of the car.

2.

For the purposes of this section, the fair market value must be determined in the customary market for the sale of the leased passenger car.

Source: Section 482.31535 — Permissible agreements between lessor and lessee as to responsibility for damage to or loss of passenger car leased for short term; determination of fair market value., https://www.­leg.­state.­nv.­us/NRS/NRS-482.­html#NRS482Sec31535.

482.295
Registration by short-term lessor: Proof of financial ability to respond to damages. 482.300
Short-term lessor must be licensed. 482.305
Short-term lessor not providing coverage jointly and severally liable with short-term lessee for certain damages 482.307
Short-term lessor prohibited from offering, arranging for or allowing use of paid driver. 482.308
Discrimination by short-term lessor against member of Armed Forces prohibited 482.310
Type of license plate for leased vehicle. 482.313
Charging, collecting, reporting and remitting of certain fees in connection with lease of passenger car by short-term lessor 482.315
Records of short-term lessor: Maintenance 482.3151
Definitions. 482.3152
“Estimated time for repair” defined. 482.3153
“Waiver of damages” defined. 482.3154
Limitation on liability of short-term lessee concerning damage to or loss of leased passenger car 482.3155
Waiver of damages: Required provisions 482.3156
Waiver of damages: Disclosure of certain information required. 482.3157
Restrictions on recovery for damages to leased car by placing block or processing charge on lessee’s credit card 482.3158
Certain additional charges permissible under certain circumstances 482.3159
Waiver of provisions is void. 482.31515
“Authorized driver” defined. 482.31525
“Estimated time for replacement” defined. 482.31527
“Vehicle licensing costs” defined. 482.31535
Permissible agreements between lessor and lessee as to responsibility for damage to or loss of passenger car leased for short term 482.31545
Liability of authorized driver for damage occurring during operation of passenger car: Limitations. 482.31555
Short-term lessor authorized to restrict applicability of waiver of damages under certain circumstances. 482.31565
Waiver of damages and optional insurance: Purchase as condition for lease prohibited 482.31575
Advertisement of lease: Disclosure of certain information required 482.31583
Conditions for imposing additional charge 482.31585
Action for damages and equitable relief
Last Updated

Feb. 5, 2021

§ 482.31535’s source at nv​.us