Nevada § 268.053 - Lease of real property to certain nonprofit organizations
Full text of Nevada Nevada Revised Statutes § 268.053 — Lease of real property to certain nonprofit organizations, with citation guidance and answers to common questions.
§ 268.053. Lease of real property to certain nonprofit organizations
1. The governing body may lease real property to a nonprofit organization that: (a) Is recognized as exempt under section 501(c)(3) of the Internal Revenue Code ; (b) Is affiliated by contract or other written agreement with the city; and (c) Provides to residents of the city or to other persons a service that the city
would otherwise be required to expend money to provide, under such terms and for such consideration as the governing body determines reasonable
based upon the costs and benefits to the city and the recommendation of any city officers
who may be involved in approving the lease. 2. To lease real property pursuant to this section, the governing body must approve
the lease and establish the recommended amount of rent to be received for the real
property. The governing body shall render a decision on an application to lease real property
pursuant to this section within 60 days after it receives the application. 3. In determining the amount of rent for the lease of real property pursuant to this
section, consideration must be given to: (a) The amount the lessee is able to pay; (b) Whether the real property will be used by the lessee to perform a service of value
to members of the general public; (c) Whether the service to be performed on the real property will be of assistance
to any agency of the city; and (d) The expenses, if any, that the city is likely to incur to lease real property
pursuant to this section in comparison to other potential uses of the real property. 4. The governing body may waive any fee for the consideration of an application submitted
pursuant to this section.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 268.053
What does Nevada Revised Statutes § 268.053 cover?
Section 268.053 ("Lease of real property to certain nonprofit organizations") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 268.053?
A common citation format is "Nevada Revised Statutes § 268.053" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 268.053 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.