Nevada § 597.050 - Lease agreement: Disclosures required upon renegotiation but not upon extension; when deemed to be renegotiated
Full text of Nevada Nevada Revised Statutes § 597.050 — Lease agreement: Disclosures required upon renegotiation but not upon extension; when deemed to be renegotiated, with citation guidance and answers to common questions.
§ 597.050. Lease agreement: Disclosures required upon renegotiation but not upon extension; when deemed to be renegotiated
1. The disclosures required by NRS 597.030 : (a) Must be made if a lease agreement with an option to purchase is renegotiated. (b) Are not required to be made if such an agreement is extended. 2. For the purposes of this section, a lease agreement with an option to purchase: (a) Is renegotiated if it is replaced by a new agreement entered into by the same
customer and lessor. (b) Has not been renegotiated if: (1) The leased property is exchanged or added to or individual items are returned
and the average payment is not changed by more than 25 percent; (2) One or more of the periodic payments or portions of a periodic payment are deferred
or extended; (3) Any additional fees charged are reduced; or (4) It is the subject of a judicial proceeding.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 597.050
What does Nevada Revised Statutes § 597.050 cover?
Section 597.050 ("Lease agreement: Disclosures required upon renegotiation but not upon extension; when deemed to be renegotiated") 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 § 597.050?
A common citation format is "Nevada Revised Statutes § 597.050" (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 § 597.050 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.