Nevada Revised Statutes
Chapter 116B - Condominium Hotel Act

NRS 116B.030 - "Association" and "unit-owners’ association" defined. - "Association" or "unit-owners’ association" means a unit-owners’ association for a...

NRS 116B.035 - "Commission" defined. - "Commission" means the Commission for Common-Interest Communities and Condominium Hotels...

NRS 116B.040 - "Common elements" defined. - "Common elements" means any real estate within the condominium hotel,...

NRS 116B.045 - "Common expenses" defined. - "Common expenses" means expenditures made by, or financial liabilities of,...

NRS 116B.050 - "Community manager" defined. - "Community manager" means a person who provides for or otherwise...

NRS 116B.055 - "Complaint" defined. - "Complaint" means a complaint filed by the Administrator pursuant to...

NRS 116B.060 - "Condominium hotel" defined. - "Condominium hotel" means a development in which: 1. Portions of...

NRS 116B.065 - "Converted building" defined. - "Converted building" means a building that at any time before...

NRS 116B.070 - "Dealer" defined. - "Dealer" means a person in the business of selling units...

NRS 116B.075 - "Declarant" defined. - "Declarant" means any person or group of persons acting in...

NRS 116B.080 - "Declaration" defined. - "Declaration" means any instrument, however denominated, that creates a condominium...

NRS 116B.085 - "Developmental rights" defined. - "Developmental rights" means any right or combination of rights reserved...

NRS 116B.090 - "Dispose" and "disposition" defined. - "Dispose" or "disposition" means a voluntary transfer to a purchaser...

NRS 116B.095 - "Division" defined. - "Division" means the Real Estate Division of the Department of...

NRS 116B.100 - "Executive board" defined. - "Executive board" means the body, regardless of name, designated in...

NRS 116B.105 - "Financial statement" defined. - "Financial statement" means a financial statement of an association that...

NRS 116B.110 - "Governing documents" defined. - "Governing documents" means: 1. The declaration for the condominium hotel;...

NRS 116B.115 - "Hearing panel" defined. - "Hearing panel" means a hearing panel appointed by the Commission...

NRS 116B.120 - "Hotel unit" defined. - "Hotel unit" means a physical portion of the condominium hotel...

NRS 116B.125 - "Hotel unit owner" defined. - "Hotel unit owner" means the owner of the hotel unit...

NRS 116B.130 - "Identifying number" defined. - "Identifying number" means a symbol, address or legally sufficient description...

NRS 116B.135 - "Leasehold condominium hotel" defined. - "Leasehold condominium hotel" means a condominium hotel in which all...

NRS 116B.140 - "Liability for common expenses" defined. - "Liability for common expenses" means the liability for common expenses...

NRS 116B.145 - "Liability for shared expenses" defined. - "Liability for shared expenses" means the liability for shared expenses...

NRS 116B.150 - "Limited common element" defined. - "Limited common element" means a portion of the common elements...

NRS 116B.155 - "Major component of the common elements" defined. - "Major component of the common elements" means any component of...

NRS 116B.160 - "Major component of the hotel unit" defined. - "Major component of the hotel unit" means any component of...

NRS 116B.165 - "Major component of the shared components" defined. - "Major component of the shared components" means any component of...

NRS 116B.170 - "Offering" defined. - "Offering" means any advertisement, inducement, solicitation or attempt to encourage...

NRS 116B.175 - "Ombudsman" defined. - "Ombudsman" means the Ombudsman for Owners in Common-Interest Communities and...

NRS 116B.180 - "Party to the complaint" defined. - "Party to the complaint" means the Division and the respondent....

NRS 116B.185 - "Person" defined. - "Person" includes a government and governmental subdivision or agency. (Added...

NRS 116B.190 - "Purchaser" defined. - "Purchaser" means a person, other than a declarant, who by...

NRS 116B.195 - "Real estate" defined. - "Real estate" means any leasehold or other estate or interest...

NRS 116B.200 - "Residential unit" defined. - "Residential unit" means a physical portion of the condominium hotel...

NRS 116B.205 - "Residential unit owner" defined. - "Residential unit owner" means a declarant, the hotel unit owner...

NRS 116B.210 - "Security interest" defined. - "Security interest" means an interest in real estate or personal...

NRS 116B.215 - "Shared components" defined. - "Shared components" means portions of the condominium hotel, excluding the...

NRS 116B.220 - "Shared expenses" defined. - "Shared expenses" means the charges set forth in the declaration...

NRS 116B.225 - "Special declarant’s rights" defined. - "Special declarant’s rights" means rights reserved for the benefit of...

NRS 116B.230 - "Time share" defined. - "Time share" has the meaning ascribed to it in NRS...

NRS 116B.235 - "Unit" defined. - "Unit" means a residential unit, a hotel unit or any...

NRS 116B.240 - "Unit’s owner" defined. - "Unit’s owner" means a declarant or other person who owns...

NRS 116B.245 - Provisions of chapter may not be varied by agreement, waived or evaded; exceptions. - Except as expressly provided in this chapter, its provisions may...

NRS 116B.250 - Applicability of local ordinances, regulations and building codes. - 1. A building code may not impose any requirement upon...

NRS 116B.255 - Eminent domain. - 1. If a unit is acquired by eminent domain or...

NRS 116B.260 - Supplemental general principles of law applicable. - The principles of law and equity, including the law of...

NRS 116B.265 - Provisions of chapter prevail over conflicting provisions governing certain business entities generally. - If a matter governed by this chapter is also governed...

NRS 116B.270 - Construction against implicit repeal. - This chapter being a general act intended as a unified...

NRS 116B.275 - Unconscionable agreement or term of contract. - 1. The court, upon finding as a matter of law...

NRS 116B.280 - Obligation of good faith. - Every contract or duty governed by this chapter imposes an...

NRS 116B.285 - Remedies to be liberally administered. - The remedies provided by this chapter must be liberally administered...

NRS 116B.287 - Relation to Electronic Signatures in Global and National Commerce Act. - This chapter modifies, limits and supersedes the federal Electronic Signatures...

NRS 116B.290 - Applicability. - 1. This chapter applies to all condominium hotels created within...

NRS 116B.295 - Provisions of governing documents in violation of chapter deemed to conform with chapter by operation of law. - 1. Any provision contained in a declaration, bylaw or other...

NRS 116B.300 - Notice of changes to governing documents. - If any change is made to the governing documents, the...

NRS 116B.305 - Creation of condominium hotels. - A condominium hotel may be created pursuant to this chapter...

NRS 116B.310 - Hotel unit boundaries. - The boundaries of the hotel unit, including the shared components,...

NRS 116B.315 - Control of hotel units; use of shared components. - 1. The declaration must describe the boundaries of the hotel...

NRS 116B.320 - Construction and validity of declaration and bylaws. - 1. The inclusion in a governing document of a provision...

NRS 116B.325 - Description of units. - A description of the residential units and the hotel unit...

NRS 116B.330 - Contents of declaration. - 1. The declaration for a condominium hotel must contain: (a)...

NRS 116B.335 - Leasehold condominium hotels. - 1. Any lease the expiration or termination of which may...

NRS 116B.340 - Allocation of allocated interests. - 1. The declaration must allocate to each unit, including any...

NRS 116B.345 - Limited common elements. - 1. The declaration may allocate limited common elements to any...

NRS 116B.350 - Plats. - 1. Plats are a part of the declaration and are...

NRS 116B.355 - Exercise of developmental rights. - 1. To exercise any developmental right reserved in the declaration,...

NRS 116B.360 - Alterations of units; access to units. - Except as otherwise provided in this section and subject to...

NRS 116B.365 - Monuments as boundaries. - The existing physical boundaries of a residential unit or a...

NRS 116B.370 - Relocation of boundaries between adjoining units. - Subject to the provisions of the declaration and other provisions...

NRS 116B.375 - Subdivision of units. - 1. If the declaration expressly so permits, a residential unit...

NRS 116B.380 - Amendment of declaration. - 1. Provisions in an agreement to purchase a residential unit...

NRS 116B.385 - Termination of condominium hotel. - 1. Except in the case of a taking of the...

NRS 116B.390 - Rights of creditors following termination. - 1. Following termination of a condominium hotel, creditors of the...

NRS 116B.395 - Respective interests of units’ owners following termination. - The respective interests of units’ owners referred to in NRS...

NRS 116B.400 - Effect of foreclosure or enforcement of lien or encumbrance. - 1. Except as otherwise provided in subsection 2, foreclosure or...

NRS 116B.405 - Rights of secured lenders. - The declaration may require that all or a specified number...

NRS 116B.410 - Merger or consolidation of condominium hotels; reallocation of liability for shared expenses. - 1. Any two or more condominium hotels, by agreement of...

NRS 116B.415 - Organization of unit-owners’ association. - 1. A unit-owners’ association must be organized not later than...

NRS 116B.420 - Powers of unit-owners’ association. - Subject to the provisions of the declaration, the association: 1....

NRS 116B.425 - 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. - 1. Except as otherwise provided in the declaration, the bylaws,...

NRS 116B.430 - Power of executive board to impose fines and other sanctions for violations of governing documents; procedural requirements; continuing violations; collection of past due fines. - 1. Except as otherwise provided in this section and unless...

NRS 116B.435 - Accounting for fines in books and records of association; prohibition against applying payment for assessment, fee or other charge toward payment of fine; exceptions. - If an association has imposed a fine against a residential...

NRS 116B.440 - Period of declarant’s control of association; representation of units’ owners on executive board. - 1. Except as otherwise provided in this section, the declaration...

NRS 116B.445 - Election of members of executive board and officers of association; term of office of member of executive board; staggered terms; eligibility to serve on executive board; required disclosures; procedure for conducting elections; certif... - 1. Not later than the termination of any period of...

NRS 116B.450 - Removal of member of executive board. - 1. Notwithstanding any provision of the declaration or bylaws to...

NRS 116B.455 - Delivery to association of property held or controlled by declarant; exceptions. - 1. In addition to any applicable requirement set forth in...

NRS 116B.460 - Delivery to association of additional common elements constructed by declarant or successor declarant. - 1. If a condominium hotel is developed in separate phases...

NRS 116B.465 - Delivery to association of converted shared component reserve deficit. - 1. At the time of each close of escrow of...

NRS 116B.470 - Delivery to association of converted common element reserve deficit. - 1. At the time of each close of escrow of...

NRS 116B.475 - Transfer of special declarant’s right. - 1. A special declarant’s right created or reserved under this...

NRS 116B.480 - Liabilities and obligations of person who succeeds to special declarant’s rights. - The liabilities and obligations of a person who succeeds to...

NRS 116B.485 - Successor not subject to certain claims against or other obligations of transferor of special declarant’s right. - NRS 116B.475 and 116B.480 do not subject any successor to...

NRS 116B.490 - Bylaws. - 1. The bylaws of the association must: (a) Provide the...

NRS 116B.495 - Rules of association. - The rules adopted by an association, if any: 1. Must...

NRS 116B.500 - Rules of hotel unit owner. - 1. The rules and regulations established by a hotel unit...

NRS 116B.505 - Limitation on power of hotel unit owner to impose sanctions for violations of rules; exception; procedural requirements. - 1. A hotel unit owner may not prohibit use of...

NRS 116B.510 - Complaint alleging violation by hotel unit owner; acknowledgment; response. - 1. If the hotel unit owner receives a written complaint...

NRS 116B.513 - Notice to units’ owners. - 1. Except as otherwise provided in subsection 3, an association...

NRS 116B.515 - Upkeep of condominium hotel. - 1. Except to the extent provided by the declaration or...

NRS 116B.520 - Meetings of units’ owners; frequency of meetings; calling special meetings or removal elections; requirements concerning notice and agendas; requirements concerning minutes of meetings; right of units’ owners to make audio recordings o... - 1. A meeting of the units’ owners must be held:...

NRS 116B.525 - Meetings of executive board; frequency of meetings; requirements concerning notice and agendas; periodic review of certain financial and legal matters at meetings; requirements concerning minutes of meetings; right of units’ owners to... - 1. A meeting of the executive board must be held...

NRS 116B.530 - 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 cer... - 1. Except as otherwise provided in this section, a unit’s...

NRS 116B.535 - Right of units’ owners to have certain complaints placed on agenda of meeting of executive board. - 1. If an executive board receives a written complaint from...

NRS 116B.540 - 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. - 1. The association shall provide written notice to each unit’s...

NRS 116B.545 - Quorum; use of Robert’s Rules of Order Newly Revised. - 1. Except as otherwise provided in this section and NRS...

NRS 116B.550 - Voting by units’ owners; use of proxies; voting by lessees of leased units; association prohibited from voting as owner of unit; voting without meeting. - 1. Unless prohibited or limited by the declaration or bylaws...

NRS 116B.555 - Tort and contract liability. - 1. A unit’s owner is not liable, solely by reason...

NRS 116B.560 - Conveyance or encumbrance of common elements. - 1. Portions of the common elements of a condominium hotel...

NRS 116B.565 - Insurance: General requirements. - 1. Commencing not later than the time of the first...

NRS 116B.570 - Insurance: Policies. - Insurance policies carried pursuant to this chapter must provide to...

NRS 116B.575 - Insurance: Repair or replacement of damaged or destroyed portion of condominium hotel. - 1. Unless the declaration states otherwise, with respect to repair...

NRS 116B.577 - Funds of association to be deposited or invested at certain financial institutions. - 1. Except as otherwise provided in subsection 2, an association,...

NRS 116B.580 - Preparation and presentation of financial statements. - 1. The Commission shall adopt regulations prescribing the requirements for...

NRS 116B.585 - Audit and review of financial statements. - 1. Except as otherwise provided in subsection 2, the executive...

NRS 116B.590 - 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 imp... - 1. Until the association makes an assessment for common expenses...

NRS 116B.595 - Assessments for shared expenses; funding of adequate reserves; collection of interest on past due assessments; payer of shared expenses not entitled to ownership or control; delivery of budget for projected shared expenses. - 1. The hotel unit owner may charge all residential units...

NRS 116B.600 - Annual distribution to units’ owners of operating and reserve budgets or summaries of such budgets; ratification of budget. - 1. Except as otherwise provided in subsection 2 and unless...

NRS 116B.605 - Study of reserves for common elements; duties of executive board regarding study; person who conducts study required to be registered; contents of study; submission of summary of study to Division. - 1. The executive board shall: (a) At least once every...

NRS 116B.610 - Study of reserves for shared components and hotel unit; duties of hotel unit owner regarding study; person who conducts study required to be registered; contents of study. - 1. The hotel unit owner shall: (a) At least once...

NRS 116B.615 - Signatures required for withdrawals from reserve account of association. - Money in the reserve account of an association required by...

NRS 116B.620 - Fees imposed on associations to pay for costs of administering Office of Ombudsman and Commission; administrative penalties for failure to pay; interest on unpaid fees. - 1. Except as otherwise provided in subsection 2, an association...

NRS 116B.625 - Registration of associations with Ombudsman. - Each association shall, at the time it pays the fee...

NRS 116B.630 - Liens against units for assessments. - 1. The association or the hotel unit owner, as applicable,...

NRS 116B.635 - Foreclosure of liens: Mailing 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 foreclos... - 1. Except as otherwise provided in subsection 4, in a...

NRS 116B.640 - Foreclosure of liens: Mailing of notice of default and election to sell to certain interested persons. - The association or hotel unit owner, as applicable, shall also...

NRS 116B.645 - Foreclosure of liens: Providing notice of time and place of sale; service of notice of sale; contents of notice of sale; proof of service. - 1. The association or hotel unit owner, as applicable, shall...

NRS 116B.650 - Foreclosure of liens: Procedure for conducting sale; purchase of unit by association or hotel unit owner; execution and delivery of deed; use of proceeds of sale. - 1. The sale must be conducted in the county in...

NRS 116B.655 - Foreclosure of liens: Effect of recitals in deed; purchaser not responsible for proper application of purchase money; title vested in purchaser without equity or right of redemption. - 1. The recitals in a deed of a foreclosed unit...

NRS 116B.660 - Foreclosure of liens: Requests by interested persons for notice of default and election to sell; right of association or hotel unit owner to waive default and withdraw notice or proceeding to foreclose. - 1. The provisions of NRS 107.090 apply to the foreclosure...

NRS 116B.665 - Liens against association. - 1. Except as otherwise provided in subsection 2, a judgment...

NRS 116B.670 - Maintenance and availability of books, records and other papers of association: General requirements; provision of copies to units’ owners and Ombudsman; exceptions; general records concerning certain violations; enforcement by Ombudsm... - 1. Except as otherwise provided in subsection 4, the executive...

NRS 116B.675 - Maintenance and availability of certain financial records of association; provision of copies to units’ owners and Ombudsman. - 1. The executive board of an association shall maintain and...

NRS 116B.680 - Maintenance and availability of financial records of association; right of units’ owners to inspect, examine, photocopy and audit records of association. - 1. The association shall keep financial records sufficiently detailed to...

NRS 116B.685 - Maintenance, availability and review of certain financial books and records of hotel unit. - The hotel unit owner shall maintain financial books and records...

NRS 116B.690 - Retaliatory action prohibited. - A hotel unit owner, an executive board, a member of...

NRS 116B.695 - Prohibition against certain personnel soliciting or accepting compensation, gratuity or remuneration under certain circumstances. - 1. Except as otherwise provided in subsection 2, a member...

NRS 116B.700 - Prohibition against certain personnel contracting with association or accepting commission, personal profit or compensation from association; exceptions. - 1. Except as otherwise provided in this section, a member...

NRS 116B.705 - Association as trustee. - With respect to a third person dealing with the association...

NRS 116B.710 - Right of units’ owners to display flag of the United States in certain areas; conditions and limitations on exercise of right. - 1. Except as otherwise provided in subsection 2, the executive...

NRS 116B.715 - Right of units’ owners to exhibit political signs in certain areas; conditions and limitations on exercise of right. - 1. The executive board shall not and the governing documents...

NRS 116B.720 - Association prohibited from requiring unit’s owner to obtain approval to rent or lease unit; exceptions. - 1. Except as otherwise provided in the declaration, an association...

NRS 116B.725 - Applicability; exceptions. - 1. Except as otherwise provided in subsection 2, NRS 116B.725...

NRS 116B.730 - Liability for preparation and delivery of public offering statement. - 1. Except as otherwise provided in subsection 2, a declarant,...

NRS 116B.735 - Public offering statement: General provisions. - 1. Except as otherwise provided in this chapter, a public...

NRS 116B.740 - Public offering statement: Condominium hotels subject to developmental rights. - If the declaration provides that a condominium hotel is subject...

NRS 116B.745 - Public offering statement: Condominium hotel containing converted building. - The public offering statement of a condominium hotel involving a...

NRS 116B.750 - Public offering statement: Condominium hotel registered with Securities and Exchange Commission or State of Nevada. - If an interest in a condominium hotel is currently registered...

NRS 116B.755 - Purchaser’s right to cancel. - 1. A person required to deliver a public offering statement...

NRS 116B.760 - Resales of units. - 1. Except in the case of a sale in which...

NRS 116B.765 - Required form of information statement. - The information statement required by NRS 116B.735 and 116B.760 must...

NRS 116B.770 - Escrow of deposits; furnishing of bond in lieu of deposit. - 1. Except as otherwise provided in subsections 2 and 3,...

NRS 116B.775 - Release of liens. - 1. In the case of a sale of a unit...

NRS 116B.780 - Exclusion or modification of warranties of quality. - Implied warranties of quality: 1. May be excluded or modified...

NRS 116B.785 - Power of Commission to adopt regulations concerning additional disclosures. - The Commission, or the Administrator with the approval of the...

NRS 116B.790 - 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... - 1. If a declarant, hotel unit owner or any other...

NRS 116B.795 - Substantial completion of units. - In the case of a sale of a unit in...

NRS 116B.800 - Jurisdiction. - The Commission for Common-Interest Communities and Condominium Hotels created by...

NRS 116B.805 - Administration of chapter; regulations of Commission and Real Estate Administrator; delegation of authority; publications. - 1. The provisions of this chapter must be administered by...

NRS 116B.810 - Employment of personnel by Real Estate Division; designation of deputy attorney general by Attorney General; legal opinions and assistance by deputy attorney general. - 1. Except as otherwise provided in this section and within...

NRS 116B.815 - Ombudsman for Owners in Common-Interest Communities and Condominium Hotels: Powers and duties. - The Office of the Ombudsman for Owners in Common-Interest Communities...

NRS 116B.820 - Immunity. - The Commission and its members, each hearing panel and its...

NRS 116B.825 - Service of notice and other information upon Commission. - Any notice or other information that is required to be...

NRS 116B.830 - Authority for Real Estate Division to conduct business electronically; regulations; fees; use of unsworn declaration; exclusions. - 1. The Administrator may adopt regulations which establish procedures for...

NRS 116B.835 - Issuance and enforcement of subpoenas. - 1. To carry out the purposes of this chapter, the...

NRS 116B.840 - Witnesses: Payment of fees and mileage. - 1. Each witness who is subpoenaed and appears at a...

NRS 116B.845 - Conducting hearings and other proceedings; collection of information; development and promotion of educational guidelines; accreditation of programs of education and research. - 1. The Commission shall conduct such hearings and other proceedings...

NRS 116B.850 - Establishment of standards for subsidizing proceedings for mediation, arbitration and program and for subsidizing educational programs; acceptance of gifts, grants and donations; agreements and cooperation with other entities. - The Commission may: 1. By regulation, establish standards for subsidizing...

NRS 116B.855 - Appointment of hearing panels; delegation of powers and duties; appeals to Commission. - 1. The Commission may appoint one or more hearing panels....

NRS 116B.860 - Use of audio or video teleconference for hearings. - The Commission or a hearing panel may conduct a hearing...

NRS 116B.865 - "Violation" defined. - As used in NRS 116B.870 to 116B.920, inclusive, unless the...

NRS 116B.870 - Jurisdiction of Real Estate Division, Ombudsman, Commission and hearing panels. - 1. In carrying out the provisions of NRS 116B.870 to...

NRS 116B.875 - Rights, remedies and penalties are cumulative and not exclusive; limitations on power of Commission and hearing panels regarding internal activities of association. - 1. The rights, remedies and penalties provided in NRS 116B.865...

NRS 116B.880 - Confidentiality of records: Certain records relating to complaint or investigation deemed confidential; certain records relating to disciplinary action deemed public records. - 1. Except as otherwise provided in this section and NRS...

NRS 116B.885 - Right of person aggrieved by alleged violation to file affidavit with Real Estate Division; procedure for filing affidavit; administrative fine for filing false or fraudulent affidavit. - 1. Except as otherwise provided in this section, a person...

NRS 116B.890 - 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. - 1. Upon receipt of an affidavit that complies with the...

NRS 116B.895 - Procedure for hearing complaints: Time for holding hearing; continuances; notices; evidence; answers; defaults. - 1. Except as otherwise provided in subsection 2, if the...

NRS 116B.900 - Representation by attorney. - Any party to the complaint may be represented by an...

NRS 116B.905 - Decisions on complaints. - 1. After conducting its hearings on the complaint, the Commission...

NRS 116B.910 - 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. - 1. If the Commission or the hearing panel, after notice...

NRS 116B.915 - Remedial and disciplinary action: Audit of association; appointment of receiver. - 1. If the Commission or a hearing panel, after notice...

NRS 116B.920 - Injunctions. - 1. If the Commission or the Division has reasonable cause...

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Nevada Revised Statutes Chapter 116B - Condominium Hotel Act

Nevada Revised Statutes
Chapter 116B - Condominium Hotel Act