Nevada § 597.070 - Lease agreement: Reinstatement after customer fails to make timely payment
Full text of Nevada Nevada Revised Statutes § 597.070 — Lease agreement: Reinstatement after customer fails to make timely payment, with citation guidance and answers to common questions.
§ 597.070. Lease agreement: Reinstatement after customer fails to make timely payment
1. A customer who fails to make a timely payment may reinstate the lease agreement
with an option to purchase without losing any rights or options contained in the agreement
if the customer pays to the lessor: (a) All payments that are past due; (b) The reasonable costs of returning the property to the lessor and redelivering
it to the customer, if the leased property has been returned to the lessor; and (c) Any applicable fee for making a late payment. 2. The payments required to be made by subsection 1 must be made within: (a) Five days after the date for renewing the agreement if the customer's payments
are required to be made monthly; or (b) Two days after the date for renewing the agreement if the customer's payments
are required to be made more frequently. 3. If a customer has paid less than two-thirds of the total amount of the payments
necessary to acquire ownership of the leased property and, during the time set forth
in subsection 2, returns or voluntarily surrenders the property to the lessor, other
than pursuant to a judicial order, the customer may reinstate the agreement within
21 days after the date on which the property was returned. 4. If a customer has paid at least two-thirds of the total amount of the payments
necessary to acquire ownership of the leased property and, during the time set forth
in subsection 2, returns or voluntarily surrenders the property to the lessor, other
than pursuant to a judicial order, the customer may reinstate the agreement within
45 days after the date on which the property was returned. 5. This section does not prohibit a lessor from repossessing the leased property during
the time allowed for reinstatement. If the lessor repossesses the leased property during that time: (a) The repossession does not affect the customer's right to reinstate the agreement. (b) The lessor shall return the property to the customer or provide the customer with
property which is of comparable quality and in comparable condition if the agreement
is reinstated.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 597.070
What does Nevada Revised Statutes § 597.070 cover?
Section 597.070 ("Lease agreement: Reinstatement after customer fails to make timely payment") 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 § 597.070?
A common citation format is "Nevada Revised Statutes § 597.070" (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 § 597.070 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.