COMMON-INTEREST OWNERSHIP (UNIFORM ACT)

Nev. Rev. Stat. 116
in effect

Contents

section116.001. Short title.section116.003. Definitions.section116.005. “Administrator” defined.section116.007. “Affiliate of a declarant” defined.section116.009. “Allocated interests” defined.section116.011. “Association” and “unit-owners’ association” defined.section116.013. “Certificate” defined.section116.015. “Commission” defined.section116.017. “Common elements” defined.section116.019. “Common expenses” defined.section116.021. “Common-interest community” defined.section116.023. “Community manager” defined.section116.025. “Complaint” defined.section116.027. “Condominium” defined.section116.029. “Converted building” defined.section116.031. “Cooperative” defined.section116.033. “Dealer” defined.section116.035. “Declarant” defined.section116.037. “Declaration” defined.section116.039. “Developmental rights” defined.section116.041. “Dispose” and “disposition” defined.section116.043. “Division” defined.section116.045. “Executive board” defined.section116.047. “Financial statement” defined.section116.049. “Governing documents” defined.section116.051. “Hearing panel” defined.section116.053. “Identifying number” defined.section116.055. “Leasehold common-interest community” defined.section116.057. “Liability for common expenses” defined.section116.059. “Limited common element” defined.section116.061. “Management of a common-interest community” defined.section116.063. “Master association” defined.section116.064. “Nonresidential condominium” defined.section116.065. “Offering” defined.section116.067. “Ombudsman” defined.section116.069. “Party to the complaint” defined.section116.073. “Person” defined.section116.075. “Planned community” defined.section116.077. “Proprietary lease” defined.section116.079. “Purchaser” defined.section116.081. “Real estate” defined.section116.083. “Residential use” defined.section116.085. “Respondent” defined.section116.087. “Security interest” defined.section116.089. “Special declarant’s rights” defined.section116.091. “Time share” defined.section116.093. “Unit” defined.section116.095. “Unit’s owner” defined.section116.211. Exercise of developmental rights.section116.212. Master associations.section116.311. Voting by units’ owners; use of absentee ballots and proxies; voting by lessees of leased units; association prohibited from voting as owner of unit; voting without a meeting.section116.318. Right of units’ owners to keep pet.section116.320. Right of units’ owners to display flag of the United States or of the State of Nevada in certain areas; conditions and limitations on exercise of right.section116.323. Right of unit’s owner to display religious or cultural items in certain areas; conditions and limitations on exercise of right.section116.325. Right of units’ owners to exhibit political signs in certain areas; conditions and limitations on exercise of right.section116.330. Right of units’ owners to install or maintain drought tolerant landscaping; conditions and limitations on exercise of right; installation of drought tolerant landscaping within common elements.section116.332. Right of units’ owners to store containers for collection of solid waste or recyclable materials; adoption of rules by association.section116.333. Request by unit’s owner to install distributed generation system; approval or denial of request; resubmission of request.section116.334. Adoption of rules and regulations by association related to installation of distributed generation system; conditions and limitations.section116.335. Adoption of rules and regulations by association related to certain restrictions or prohibitions in declaration concerning renting or leasing units; exceptions.section116.340. Transient commercial use of units within certain planned communities.section116.345. Association of planned community prohibited from taking certain actions regarding property, buildings and structures within planned community; validity of existing restrictions.section116.347. Prohibition against restricting hours construction work may begin; exceptions.section116.350. Limitations regarding regulation of certain roads, streets, alleys or other thoroughfares; permissible regulation of parking or storage of certain vehicles.section116.411. Escrow of deposits; furnishing of bond in lieu of deposit.section116.412. Substantial completion of units.section116.600. Commission for Common-Interest Communities and Condominium Hotels: Creation; appointment and qualifications of members; terms of office; compensation.section116.605. Commission for Common-Interest Communities and Condominium Hotels: Courses of instruction for members.section116.0605. “Major component of the common elements” defined.section116.610. Commission for Common-Interest Communities and Condominium Hotels: Election of officers; meetings; quorum.section116.615. Administration of chapter; regulations of Commission and Real Estate Administrator; delegation of authority; publications.section116.620. Employment of personnel by Real Estate Division; designation of deputy attorney general by Attorney General; legal opinions and assistance by deputy attorney general.section116.623. Petitions for declaratory orders or advisory opinions: Regulations; scope; contents of petition; filing; period for response.section116.625. Ombudsman for Owners in Common-Interest Communities and Condominium Hotels: Creation of office; appointment; qualifications; powers and duties.section116.630. Account for Common-Interest Communities and Condominium Hotels: Creation; administration; sources; uses.section116.635. Immunity.section116.640. Service of notice and other information upon Commission.section116.643. Authority for Commission or Real Estate Administrator to adopt regulations requiring additional disclosures for sale of unit.section116.645. Authority for Real Estate Division to conduct business electronically; regulations; fees; use of unsworn declaration; exclusions.section116.660. Issuance and enforcement of subpoenas.section116.662. Witnesses: Payment of fees and mileage.section116.665. Conducting hearings and other proceedings; collection of information; development and promotion of educational guidelines; accreditation of programs of education and research.section116.670. Establishment of standards for subsidizing arbitration, mediation and educational programs; acceptance of gifts, grants and donations; agreements and cooperation with other entities.section116.675. Appointment of hearing panels; delegation of powers and duties; appeals to Commission.section116.680. Use of audio or video teleconference for hearings.section116.745. “Violation” defined.section116.750. Jurisdiction of Real Estate Division, Ombudsman, Commission and hearing panels.section116.755. Rights, remedies and penalties are cumulative and not exclusive; limitations on power of Commission and hearing panels regarding internal activities of association.section116.757. Confidentiality of records: Certain records relating to complaint or investigation deemed confidential; certain records relating to disciplinary action deemed public records.section116.760. Right of person aggrieved by alleged violation to file affidavit with Real Estate Division; procedure for filing affidavit; administrative fine or sanctions for filing false or fraudulent affidavit; designation as vexatious affiant.section116.765. Referral of affidavit to Ombudsman for assistance in resolving alleged violation; report by Ombudsman; investigation by Real Estate Division; determination of whether to file complaint with Commission.section116.770. Procedure for hearing complaints: Time for holding hearing; continuances; notices; evidence; answers; defaults.section116.775. Representation by attorney.section116.780. Decisions on complaints.section116.785. Remedial and disciplinary action: Orders to cease and desist and to correct violations; administrative fines; removal from office or position; payment of costs; exemptions from liability.section116.790. Remedial and disciplinary action: Audit of association; requiring association to hire community manager who holds certificate; appointment of receiver.section116.793. Complaint for violation of fee provisions; procedure; fine for violation.section116.795. Injunctions.section116.1104. Provisions of chapter may not be varied by agreement, waived or evaded; exceptions.section116.1105. Categorization of property in certain common-interest communities.section116.1106. Applicability of local ordinances, regulations and building codes.section116.1107. Eminent domain.section116.1108. Supplemental general principles of law applicable.section116.1109. Construction against implicit repeal; uniformity of application and construction.section116.1112. Unconscionable agreement or term of contract.section116.1113. Obligation of good faith.section116.1114. Remedies to be liberally administered.section116.1118. Relation to Electronic Signatures in Global and National Commerce Act.section116.1201. Applicability; regulations.section116.1203. Exception for small planned communities.section116.1206. Provisions of governing documents in violation of chapter deemed to conform with chapter by operation of law; procedure for certain amendments to governing documents.section116.1209. Other exempt real estate arrangements; other exempt covenants.section116.2101. Creation of common-interest communities.section116.2102. Unit boundaries.section116.2103. Construction and validity of declaration and bylaws.section116.2104. Description of units.section116.2105. Contents of declaration.section116.2106. Leasehold common-interest communities.section116.2107. Allocation of allocated interests.section116.2108. Limited common elements.section116.2109. Plats.section116.2111. Alterations of units; access to units.section116.2112. Relocation of boundaries between adjoining units.section116.2113. Subdivision of units.section116.2114. Monuments as boundaries.section116.2115. Use for purposes of sales.section116.2116. Easement rights; validity of existing restrictions.section116.2117. Amendment of declaration.section116.2118. Termination of common-interest community.section116.2119. Rights of secured lenders.section116.2121. Merger or consolidation of common-interest communities.section116.2122. Addition of unspecified real estate.section116.2124. Termination following catastrophe.section116.3101. Organization of unit-owners’ association.section116.3102. Powers of unit-owners’ association; limitations.section116.3103. Power of executive board to act on behalf of association; members and officers are fiduciaries; duty of care; application of business-judgment rule and conflict of interest rules; limitations on power.section116.3104. Transfer of special declarant’s right.section116.3105. Termination of contracts and leases of declarant.section116.3106. Bylaws.section116.3107. Upkeep of common-interest community.section116.3108. Meetings of units’ owners of association; opening and counting of ballots for election of members of executive board required; frequency of meetings; calling special meetings; requirements concerning notice and agendas; requirements concerning minutes of meetings; right of units’ owners to make audio recordings of meetings.section116.3109. Quorum.section116.3111. Tort and contract liability.section116.3112. Conveyance or encumbrance of common elements.section116.3113. Insurance: General requirements.section116.3114. Surplus funds.section116.3115. Assessments for common expenses; funding of adequate reserves; collection of interest on past due assessments; calculation of assessments for particular types of common expenses; notice of meetings regarding assessments for capital improvements.section116.3116. Liens against units for assessments.section116.3117. Liens against association.section116.3118. Maintenance and availability of certain financial records necessary to provide information required for resale of units; right of units’ owners to inspect, examine, photocopy and audit records of association.section116.3119. Association as trustee.section116.4101. Applicability; exceptions.section116.4102. Liability for preparation and delivery of public offering statement.section116.4103. Public offering statement: General provisions.section116.4104. Public offering statement: Common-interest communities subject to developmental rights.section116.4105. Public offering statement: Time shares.section116.4106. Public offering statement: Common-interest community containing converted building.section116.4107. Public offering statement: Common-interest community registered with Securities and Exchange Commission or State of Nevada.section116.4108. Purchaser’s right to cancel.section116.4109. Resales of units.section116.4111. Release of liens.section116.4112. Converted buildings.section116.4113. Express warranties of quality.section116.4114. Implied warranties of quality.section116.4115. Exclusion or modification of warranties of quality.section116.4116. Statute of limitations for warranties.section116.4117. Effect of violations on rights of action; civil action for damages for failure or refusal to comply with provisions of chapter or governing documents; members of executive board not personally liable to victims of crimes; circumstances under which punitive damages may be awarded; attorney’s fees.section116.4118. Labeling of promotional material.section116.4119. Declarant’s obligation to complete and restore.section116.11045. Provisions of chapter do not invalidate or modify tariffs, rules and standards of public utility; consistency of governing documents.section116.11085. Provisions of chapter prevail over conflicting provisions governing certain business entities generally.section116.12065. Notice of changes to governing documents.section116.12075. Applicability to nonresidential condominiums.section116.12077. Applicability to planned communities with nonresidential units.section116.21175. Procedure for seeking confirmation from district court of certain amendments to declaration.section116.21183. Rights of creditors following termination.section116.21185. Respective interests of units’ owners following termination.section116.21188. Effect of foreclosure or enforcement of lien or encumbrance.section116.21205. Reallocation of costs of administering common elements of certain master associations.section116.31031. Power of executive board to impose fines and other sanctions for violations of governing documents; regulations; limitations; procedural requirements; continuing violations; collection of past due fines; statement of balance owed.section116.31032. Period of declarant’s control of association; representation of units’ owners on executive board.section116.31034. Election of members of executive board and officers of association; term of office of member of executive board; staggered terms; eligibility to be candidate for or member of executive board or officer of association; required disclosures; procedure for conducting elections; certification by member of executive board of understanding of governing documents and provisions of chapter.section116.31035. Publications containing mention of candidate or ballot question: Requirements; limitations.section116.31036. Removal of member of executive board.section116.31037. Indemnification and defense of member of executive board.section116.31038. Delivery to association of property held or controlled by declarant.section116.31039. Delivery to association of additional common elements constructed by declarant or successor declarant.section116.31043. Liabilities and obligations of person who succeeds to special declarant’s rights.section116.31046. Successor not subject to certain claims against or other obligations of transferor of special declarant’s right.section116.31065. Rules.section116.31068. Notice to units’ owners.section116.31069. Establishment and maintenance of Internet website or electronic portal.section116.31073. Maintenance, repair, restoration and replacement of security walls.section116.31075. Meetings of rural agricultural residential common-interest communities: Compliance with Open Meeting Law.section116.31083. Meetings of executive board; frequency of meetings; notice of meetings; periodic review of certain financial and legal matters at meetings; requirements concerning minutes of meetings; right of units’ owners to make audio recordings of certain meetings.section116.31084. Voting by member of executive board; disclosures; abstention from voting on certain matters.section116.31085. Right of units’ owners to speak at certain meetings; limitations on right; limitations on power of executive board to meet in executive session; procedure governing hearings on alleged violations; requirements concerning minutes of certain meetings.section116.31086. Solicitation of bids for association project; bids to be opened and read aloud at meeting of executive board.section116.31087. Right of units’ owners to have certain complaints placed on agenda of meeting of executive board.section116.31088. Meetings regarding civil actions; requirements for commencing or ratifying certain civil actions; right of units’ owners to request dismissal of certain civil actions; disclosure of terms and conditions of settlements.section116.31105. Voting by delegates or representatives; limitations; procedure for electing delegates or representatives.section116.31107. Voting by units’ owners: Prohibited acts; penalty.section116.31133. Insurance: Policies; use of proceeds; certificates or memoranda of insurance.section116.31135. Insurance: Repair or replacement of damaged or destroyed portion of community.section116.31138. Insurance: Variance or waiver of provisions in community restricted to nonresidential use.section116.31142. Preparation and presentation of financial statements.section116.31144. Audit and review of financial statements.section116.31151. Annual distribution to units’ owners of operating and reserve budgets or summaries of such budgets and policy for collection of fees, fines, assessments or costs; ratification of budget.section116.31152. Study of reserves; duties of executive board regarding study; qualifications of person who conducts study; contents of study; submission of summary of study to Division; use of money credited against residential construction tax for upkeep of park facilities and related improvements identified in study.section116.31153. Signatures required for withdrawals of certain association funds; exceptions.section116.31155. Fees imposed on associations or master associations to pay for costs of administering Office of Ombudsman and Commission; administrative penalties for failure to pay; interest on unpaid fees; limitations on amount of fees and penalties; procedure to recover fees, penalties or interest imposed in error.section116.31158. Registration of associations with Ombudsman; contents of form for registration.section116.31162. Foreclosure of liens: Mailing or delivery of notice of delinquent assessment; recording of notice of default and election to sell; period during which unit’s owner may pay lien to avoid foreclosure; limitations on type of lien that may be foreclosed.section116.31163. Foreclosure of liens: Mailing of notice of default and election to sell to certain interested persons.section116.31164. Foreclosure of liens: Procedure for conducting sale; satisfaction of lien before sale; persons prohibited from purchasing unit; execution and delivery of deed; use of proceeds of sale.section116.31166. Foreclosure of liens: Title vested in purchaser subject to right of redemption; sale does not extinguish first security interest if superior amount of lien is satisfied; certificate of sale; exercise of right of redemption; deed without warranty; effect of recitals in deed; bona fide purchasers and bona fide encumbrancers for value.section116.31168. Foreclosure of liens: Requests by interested persons for notice of default and election to sell or notice of sale.section116.31175. Maintenance and availability of books, records and other papers of association: General requirements; exceptions; general records concerning certain violations; enforcement by Ombudsman; limitations on amount that may be charged to conduct review.section116.31183. Retaliatory action prohibited; separate action by unit’s owner.section116.31184. Threats, harassment and other conduct prohibited; penalty.section116.31185. Prohibition against certain personnel soliciting or accepting compensation, gratuity or remuneration under certain circumstances.section116.31187. Prohibition against certain personnel contracting with association or accepting commission, personal profit or compensation from association; exceptions.section116.31189. Bribery of community manager or member of executive board; penalties; exceptions.section116.41035. Public offering statement: Limitations for certain small offerings.section116.41095. Required form of information statement.section116.310305. Power of executive board to impose construction penalties for failure of unit’s owner to adhere to certain schedules relating to design, construction, occupancy or use of unit or improvement.section116.310312. Power of executive board to enter grounds of unit to conduct certain maintenance or remove or abate public nuisance or to enter grounds or interior of unit to abate water or sewage leak or take other action; holder of security interest in unit required to provide certain information to association; imposition of fines and costs; lien against unit; limitation on liability.section116.310313. Collection of past due obligation; charge of reasonable fee to collect.section116.310315. Accounting for fines imposed by association.section116.310395. Delivery to association of converted building reserve deficit.section116.310695. Internet website or electronic portal that provides ability to pay obligations electronically: Cybersecurity insurance; suspension of payments assigned for collection; compliance with requirements relating to personal information; requirement to conduct evaluation and make determination that providing ability to pay obligations electronically is in best interest of association.section116.311395. Funds of association to be deposited or invested at certain financial institutions.section116.311625. Foreclosure of liens: Limitations, requirements and procedures applicable to servicemembers and their dependents; penalty; liability; tolling.section116.311627. Foreclosure of liens: Limitations, requirements and procedures applicable to federal workers, tribal workers and state workers and household members and landlords of such workers in connection with shutdown; penalty; liability.section116.311635. Foreclosure of liens: Providing notice of time and place of sale; service of notice of sale; contents of notice of sale; proof of service.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-116.htmlFetched: 10/4/2026