Nevada § 360B.365 - Lease or rental of tangible personal property generally
Full text of Nevada Nevada Revised Statutes § 360B.365 — Lease or rental of tangible personal property generally, with citation guidance and answers to common questions.
§ 360B.365. Lease or rental of tangible personal property generally
1. Except as otherwise provided in this section and NRS 360B.355 , 360B.370 and 360B.375 , the lease or rental of tangible personal property shall be deemed to take place
as follows: (a) If the lease or rental requires recurring periodic payments, for the purposes
of: (1) The first periodic payment, the location of the lease or rental shall be deemed
to take place at the location determined pursuant to NRS 360B.360 ; and (2) Subsequent periodic payments, the location of the lease or rental shall be deemed
to take place at the primary location of the property. For the purposes of this subparagraph, the primary location of the property shall
be deemed to be the address for the property provided by the lessee and set forth
in the records maintained by the lessor in the ordinary course of business, regardless
of the intermittent use of the property at different locations, unless the use of
that address would constitute bad faith. (b) If the lease or rental does not require recurring periodic payments, the location
of the lease or rental shall be deemed to take place at the location determined pursuant
to NRS 360B.360 . 2. This section does not apply to the determination of any liability of a seller for
any sales or use taxes imposed on: (a) The acquisition of tangible personal property for lease; or (b) Any accelerated or lump-sum payments made pursuant to a lease or rental of tangible
personal property.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 360B.365
What does Nevada Revised Statutes § 360B.365 cover?
Section 360B.365 ("Lease or rental of tangible personal property generally") 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 § 360B.365?
A common citation format is "Nevada Revised Statutes § 360B.365" (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 § 360B.365 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.