Nevada § 104A.2506 - Statute of limitations

§ 104A.2506. Statute of limitations

1. An action for default under a lease contract, including breach of warranty or indemnity,

must be commenced within 4 years after the cause of action accrued. In a lease that is not a consumer lease, by the original lease contract the parties

may reduce the period of limitation to not less than one year. 2. A cause of action for default accrues when the act or omission on which the default

or breach of warranty is based is or should have been discovered by the aggrieved

party, or when the default occurs, whichever is later. A cause of action for indemnity accrues when the act or omission on which the claim

for indemnity is based is or should have been discovered by the indemnified party,

whichever is later. 3. If an action commenced within the time limited by subsection 1 is so terminated

as to leave available a remedy by another action for the same default or breach of

warranty or indemnity, the other action may be commenced after the expiration of the

time limited and within 6 months after the termination of the first action unless

the termination resulted from voluntary discontinuance or from dismissal for failure

or neglect to prosecute. 4. This section does not alter the law on tolling of the statute of limitations nor

does it apply to causes of action that have accrued before January 1, 1990.