“Lease,” “long-term lessee,” “long-term lessor,” “short-term lessee” and “short-term lessor” defined.

For the purposes of regulation under this chapter and of imposing tort liability under NRS 41.440, and for no other purpose: 1. “Lease” means a contract by which the lienholder or owner of a vehicle transfers to another person, for compensation, the right to use such vehicle but does not include the sharing of a vehicle through a peer-to-peer car sharing program pursuant to chapter 482C of NRS. 2. “Long-term lessee” means a person who has leased a vehicle from another person for a fixed period of more than 31 days. 3. “Long-term lessor” means a person who has leased a vehicle to another person for a fixed period of more than 31 days. 4. “Short-term lessee” means a person who has leased a vehicle from another person for a period of 31 days or less, or by the day, or by the trip. 5. “Short-term lessor” means a person who has leased a vehicle to another person for a period of 31 days or less, or by the day, or by the trip. (Added to NRS by 1967, 704; A 1975, 1070; 2021, 1853)