NRS 116.310305

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.

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Statutory text

�� 1. A unit�s owner shall adhere to a schedule required by the association for: �� (a) The completion of the design of a unit or the design of an improvement to a unit; �� (b) The commencement of the construction of a unit or the construction of an improvement to a unit; �� (c) The completion of the construction of a unit or the construction of an improvement to the unit; or �� (d) The issuance of a permit which is necessary for the occupancy of a unit or for the use of an improvement to a unit. �� 2. The association may impose and enforce a construction penalty against a unit�s owner who fails to adhere to a schedule as required pursuant to subsection 1 if: �� (a) The right to assess and collect a construction penalty is set forth in: ��

The declaration; ��

Another document related to the common-interest community that is recorded before the date on which the unit�s owner acquired title to the unit; or ��

A contract between the unit�s owner and the association; �� (b) The association has included notice of the maximum amount of the construction penalty and schedule as part of any public offering statement or resale package required by this chapter; and �� (c) The unit�s owner receives notice of the alleged violation which informs the unit�s owner that he or she has a right to a hearing on the alleged violation. �� 3. For the purposes of this chapter, a construction penalty is not a fine.

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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.

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