Estate for years: Encumbrance by deed of trust; foreclosure by exercise of power of sale.

NRS

107.025

Estate for years: Encumbrance by deed of trust; foreclosure by exercise of power of sale.

A deed of trust may encumber an estate for years however created, including a proprietary lease in a cooperative, unless prohibited by the instrument creating the estate, and foreclosure may be had by the exercise of a power of sale in accordance with the provisions of this chapter.

(Added to NRS by 1967, 954 ; A 1979, 708 ; 1989, 506 ; 2019, 1344 )