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Nevada Revised Statutes Title 20. Counties and Townships: Formation, Government and Officers § 244.2833. Lease of building space or other real property that is less than 25,000 square feet

Current as of January 01, 2021 | Updated by FindLaw Staff

1. The board of county commissioners may offer any county-owned building or any portion thereof or any other real property for lease without complying with the provisions of NRS 244.2795, 244.281 and 244.283 if:

(a) The area of the building space or other real property is less than 25,000 square feet;  and

(b) The board of county commissioners adopts a resolution stating that it is in the best interest of the county to lease the property:

(1) Without offering the property to the public;  and

(2) For less than the fair market value of the building space or other real property, if applicable.

2. The board of county commissioners shall:

(a) Cause to be published at least once, in a newspaper qualified under chapter 238 of NRS that is published in the county in which the county-owned building or portion thereof or the other real property is located, a notice setting forth a description of the county-owned building or portion thereof or the other real property proposed to be leased in such a manner as to identify it;  and

(b) Hold a public hearing on the matter not less than 10 or more than 20 days after the date of publication of the notice.

3. A lease of a county-owned building or any portion thereof or any other real property pursuant to this section may be made on such terms and conditions as the board of county commissioners deems proper.  The duration of such a lease must not exceed 3 years and may include an extension for not more than an additional 2 years.

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 20. Counties and Townships: Formation, Government and Officers § 244.2833. Lease of building space or other real property that is less than 25,000 square feet - last updated January 01, 2021 | https://codes.findlaw.com/nv/title-20-counties-and-townships-formation-government-and-officers/nv-rev-st-244-2833.html

Read this complete Nevada Revised Statutes Title 20. Counties and Townships: Formation, Government and Officers § 244.2833. Lease of building space or other real property that is less than 25,000 square feet on Westlaw

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

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