"Allocated interests" means the following interests allocated to each unit:
1. In a condominium, the undivided interest in the common elements, the liability for common expenses, and votes in the association;
2. In a cooperative, the liability for common expenses, the ownership interest and votes in the association; and
3. In a planned community, the liability for common expenses and votes in the association.
(Added to NRS by 1991, 536; A 2011, 2416)—(Substituted in revision for NRS 116.110313)
Structure Nevada Revised Statutes
Chapter 116 - Common-Interest Ownership (Uniform Act)
NRS 116.005 - "Administrator" defined.
NRS 116.007 - "Affiliate of a declarant" defined.
NRS 116.009 - "Allocated interests" defined.
NRS 116.011 - "Association" and "unit-owners’ association" defined.
NRS 116.013 - "Certificate" defined.
NRS 116.015 - "Commission" defined.
NRS 116.017 - "Common elements" defined.
NRS 116.019 - "Common expenses" defined.
NRS 116.021 - "Common-interest community" defined.
NRS 116.023 - "Community manager" defined.
NRS 116.025 - "Complaint" defined.
NRS 116.027 - "Condominium" defined.
NRS 116.029 - "Converted building" defined.
NRS 116.031 - "Cooperative" defined.
NRS 116.033 - "Dealer" defined.
NRS 116.035 - "Declarant" defined.
NRS 116.037 - "Declaration" defined.
NRS 116.039 - "Developmental rights" defined.
NRS 116.041 - "Dispose" and "disposition" defined.
NRS 116.043 - "Division" defined.
NRS 116.045 - "Executive board" defined.
NRS 116.047 - "Financial statement" defined.
NRS 116.049 - "Governing documents" defined.
NRS 116.051 - "Hearing panel" defined.
NRS 116.053 - "Identifying number" defined.
NRS 116.055 - "Leasehold common-interest community" defined.
NRS 116.057 - "Liability for common expenses" defined.
NRS 116.059 - "Limited common element" defined.
NRS 116.0605 - "Major component of the common elements" defined.
NRS 116.061 - "Management of a common-interest community" defined.
NRS 116.063 - "Master association" defined.
NRS 116.064 - "Nonresidential condominium" defined.
NRS 116.065 - "Offering" defined.
NRS 116.067 - "Ombudsman" defined.
NRS 116.069 - "Party to the complaint" defined.
NRS 116.073 - "Person" defined.
NRS 116.075 - "Planned community" defined.
NRS 116.077 - "Proprietary lease" defined.
NRS 116.079 - "Purchaser" defined.
NRS 116.081 - "Real estate" defined.
NRS 116.083 - "Residential use" defined.
NRS 116.085 - "Respondent" defined.
NRS 116.087 - "Security interest" defined.
NRS 116.089 - "Special declarant’s rights" defined.
NRS 116.091 - "Time share" defined.
NRS 116.095 - "Unit’s owner" defined.
NRS 116.1104 - Provisions of chapter may not be varied by agreement, waived or evaded; exceptions.
NRS 116.1105 - Categorization of property in certain common-interest communities.
NRS 116.1106 - Applicability of local ordinances, regulations and building codes.
NRS 116.1107 - Eminent domain.
NRS 116.1108 - Supplemental general principles of law applicable.
NRS 116.1109 - Construction against implicit repeal; uniformity of application and construction.
NRS 116.1112 - Unconscionable agreement or term of contract.
NRS 116.1113 - Obligation of good faith.
NRS 116.1114 - Remedies to be liberally administered.
NRS 116.1118 - Relation to Electronic Signatures in Global and National Commerce Act.
NRS 116.1203 - Exception for small planned communities.
NRS 116.12065 - Notice of changes to governing documents.
NRS 116.1209 - Other exempt real estate arrangements; other exempt covenants.
NRS 116.2101 - Creation of common-interest communities.
NRS 116.2102 - Unit boundaries.
NRS 116.2103 - Construction and validity of declaration and bylaws.
NRS 116.2104 - Description of units.
NRS 116.2105 - Contents of declaration.
NRS 116.2106 - Leasehold common-interest communities.
NRS 116.2107 - Allocation of allocated interests.
NRS 116.2108 - Limited common elements.
NRS 116.211 - Exercise of developmental rights.
NRS 116.2111 - Alterations of units; access to units.
NRS 116.2112 - Relocation of boundaries between adjoining units.
NRS 116.2113 - Subdivision of units.
NRS 116.2114 - Monuments as boundaries.
NRS 116.2115 - Use for purposes of sales.
NRS 116.2116 - Easement rights; validity of existing restrictions.
NRS 116.2117 - Amendment of declaration.
NRS 116.2118 - Termination of common-interest community.
NRS 116.21183 - Rights of creditors following termination.
NRS 116.21185 - Respective interests of units’ owners following termination.
NRS 116.21188 - Effect of foreclosure or enforcement of lien or encumbrance.
NRS 116.2119 - Rights of secured lenders.
NRS 116.212 - Master associations.
NRS 116.2121 - Merger or consolidation of common-interest communities.
NRS 116.2122 - Addition of unspecified real estate.
NRS 116.2124 - Termination following catastrophe.
NRS 116.3101 - Organization of unit-owners’ association.
NRS 116.310313 - Collection of past due obligation; charge of reasonable fee to collect.
NRS 116.310315 - Accounting for fines imposed by association.
NRS 116.31036 - Removal of member of executive board.
NRS 116.31037 - Indemnification and defense of member of executive board.
NRS 116.31038 - Delivery to association of property held or controlled by declarant.
NRS 116.310395 - Delivery to association of converted building reserve deficit.
NRS 116.3104 - Transfer of special declarant’s right.
NRS 116.31043 - Liabilities and obligations of person who succeeds to special declarant’s rights.
NRS 116.3105 - Termination of contracts and leases of declarant.
NRS 116.31068 - Notice to units’ owners.
NRS 116.3107 - Upkeep of common-interest community.
NRS 116.31073 - Maintenance, repair, restoration and replacement of security walls.
NRS 116.31107 - Voting by units’ owners: Prohibited acts; penalty.
NRS 116.3111 - Tort and contract liability.
NRS 116.3112 - Conveyance or encumbrance of common elements.
NRS 116.3113 - Insurance: General requirements.
NRS 116.31133 - Insurance: Policies; use of proceeds; certificates or memoranda of insurance.
NRS 116.31135 - Insurance: Repair or replacement of damaged or destroyed portion of community.
NRS 116.311395 - Funds of association to be deposited or invested at certain financial institutions.
NRS 116.31142 - Preparation and presentation of financial statements.
NRS 116.31144 - Audit and review of financial statements.
NRS 116.31153 - Signatures required for withdrawals of certain association funds; exceptions.
NRS 116.31158 - Registration of associations with Ombudsman; contents of form for registration.
NRS 116.3117 - Liens against association.
NRS 116.31183 - Retaliatory action prohibited; separate action by unit’s owner.
NRS 116.31184 - Threats, harassment and other conduct prohibited; penalty.
NRS 116.31189 - Bribery of community manager or member of executive board; penalties; exceptions.
NRS 116.3119 - Association as trustee.
NRS 116.318 - Right of units’ owners to keep pet.
NRS 116.340 - Transient commercial use of units within certain planned communities.
NRS 116.347 - Prohibition against restricting hours construction work may begin; exceptions.
NRS 116.4102 - Liability for preparation and delivery of public offering statement.
NRS 116.4103 - Public offering statement: General provisions.
NRS 116.41035 - Public offering statement: Limitations for certain small offerings.
NRS 116.4105 - Public offering statement: Time shares.
NRS 116.4106 - Public offering statement: Common-interest community containing converted building.
NRS 116.4108 - Purchaser’s right to cancel.
NRS 116.4109 - Resales of units.
NRS 116.41095 - Required form of information statement.
NRS 116.411 - Escrow of deposits; furnishing of bond in lieu of deposit.
NRS 116.4111 - Release of liens.
NRS 116.4112 - Converted buildings.
NRS 116.4113 - Express warranties of quality.
NRS 116.4114 - Implied warranties of quality.
NRS 116.4115 - Exclusion or modification of warranties of quality.
NRS 116.4116 - Statute of limitations for warranties.
NRS 116.4118 - Labeling of promotional material.
NRS 116.4119 - Declarant’s obligation to complete and restore.
NRS 116.412 - Substantial completion of units.
NRS 116.640 - Service of notice and other information upon Commission.
NRS 116.660 - Issuance and enforcement of subpoenas.
NRS 116.662 - Witnesses: Payment of fees and mileage.
NRS 116.675 - Appointment of hearing panels; delegation of powers and duties; appeals to Commission.
NRS 116.680 - Use of audio or video teleconference for hearings.
NRS 116.745 - "Violation" defined.
NRS 116.750 - Jurisdiction of Real Estate Division, Ombudsman, Commission and hearing panels.
NRS 116.775 - Representation by attorney.