Residential unit owner defined.
Nev. Rev. Stat. § 116B.205
in effectResidential unit owner means a declarant, the hotel unit owner or other person who owns a residential unit, or a lessee of a residential unit in a leasehold condominium hotel whose lease expires simultaneously with any lease the expiration of which will remove the residential unit from the condominium hotel, but does not include a person having an interest in a residential unit solely as security for an obligation. The declarant is the owner of any residential unit created by the declaration until that unit is conveyed to another person.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-116B.htmlFetched: 10/4/2026