111.200 - Limitations on terms of leases.
111.200 Â Limitations on terms of leases.
1. Â No agricultural or grazing lands within the state shall hereafter be conveyed for agricultural or grazing purposes by lease or otherwise, except in fee and perpetual succession, for a longer period than 25 years.
2. Â No other lands or real property shall be so conveyed for a longer period than 99 years.
3. Â All leases hereafter made contrary to the provisions of this chapter shall be void as to any periods of time in excess of those enumerated in subsections 1 and 2.
[78:9:1861; A 1923, 314; 1929, 364; 1951, 237]—(NRS A 1959, 96; 1963, 60)