Definitions.
Nev. Rev. Stat. § 115.005
in effectAs used in this chapter, unless the context otherwise requires:
1. Equity means the amount that is determined by subtracting from the fair market value of the property the value of any liens excepted from the homestead exemption pursuant to subsection 3 of NRS 115.010 or NRS 115.090 .
2. Homestead means the property consisting of:
(a) A quantity of land, together with the dwelling house thereon and its appurtenances;
(b) A mobile home whether or not the underlying land is owned by the claimant; or
(c) A unit, whether real or personal property, existing pursuant to chapter 116 or 117 of NRS, with any appurtenant limited common elements and its interest in the common elements of the common-interest community,
Ê to be selected by both spouses, or either of them, or a single person claiming the homestead.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-115.htmlFetched: 10/4/2026