Nev. Admin. Code § 361.70 — 361.70

NAC 361.070    Certain property leased or rented to Nevada System of Higher
Education. ( NRS
360.090 , 361.099 )
1.  Application for an exemption pursuant to NRS 361.099 must be made to the
county assessor by June 15 of each year.
2.  The application must include a copy of
the rental agreement and documentation from the lessor that proves that the
total consideration for the rental or lease of the property is less than 10
percent of the fair market value of the property. Documentation may include,
but is not limited to:
(a) A copy of the lease of the previous tenants;
(b) A copy of the lease or notarized statement from
owners of similar or like properties; and
(c) Statements from real estate brokers.
(Added to NAC by Tax Comm’n, eff. 7-9-96)