NRS Chapter 116

Common-Interest Communities

Nevada Common-Interest Communities (NRS Ch. 116)Nevada's UCIOA-style statute for condominiums, planned communities, and other common-interest communities. Covers creation, association governance, assessments, insurance, records, transition, and Real Estate Division oversight. Cross-reference NRS 116A for community association manager licensure.Official source on leg.state.nv.us

Sections (237)

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Common Elements is the platform for the community association industry, centered on the associations themselves: the record of each association, the people and professionals who live in, run, manage, and serve them, and the tools, data, and education they use to work together. It complements the management and accounting software you already use; it does not replace it.

Common-Interest Communities

Sections (237)

Short title.

Definitions.

�Administrator� defined.

�Affiliate of a declarant� defined.

�Allocated interests� defined.

�Association� and �unit-owners� association� defined.

�Certificate� defined.

�Commission� defined.

�Common elements� defined.

�Common expenses� defined.

�Common-interest community� defined.

�Community manager� defined.

�Complaint� defined.

�Condominium� defined.

�Converted building� defined.

�Cooperative� defined.

�Dealer� defined.

�Declarant� defined.

�Declaration� defined.

�Developmental rights� defined.

�Dispose� and �disposition� defined.

�Division� defined.

�Executive board� defined.

�Financial statement� defined.

�Governing documents� defined.

�Hearing panel� defined.

�Identifying number� defined.

�Leasehold common-interest community� defined.

�Liability for common expenses� defined.

�Limited common element� defined.

�Major component of the common elements� defined.

�Management of a common-interest community� defined.

�Master association� defined.

�Nonresidential condominium� defined.

�Offering� defined.

�Ombudsman� defined.

�Party to the complaint� defined.

�Person� defined.

�Planned community� defined.

�Proprietary lease� defined.

�Purchaser� defined.

�Real estate� defined.

�Residential use� defined.

�Respondent� defined.

�Security interest� defined.

�Special declarant�s rights� defined.

�Time share� defined.

�Unit� defined.

�Unit�s owner� defined.

Provisions of chapter may not be varied by agreement, waived or evaded; exceptions.

Provisions of chapter do not invalidate or modify tariffs, rules and standards of public utility; consistency of governing documents.

Categorization of property in certain common-interest communities.

Applicability of local ordinances, regulations and building codes.

Eminent domain.

Supplemental general principles of law applicable.

Provisions of chapter prevail over conflicting provisions governing certain business entities generally.

Construction against implicit repeal; uniformity of application and construction.

Unconscionable agreement or term of contract.

Obligation of good faith.

Remedies to be liberally administered.

Relation to Electronic Signatures in Global and National Commerce Act.

Applicability; regulations.

Exception for small planned communities.

Provisions of governing documents in violation of chapter deemed to conform with chapter by operation of law; procedure for certain amendments to governing documents.

Notice of changes to governing documents.

Applicability to nonresidential condominiums.

Applicability to planned communities with nonresidential units.

Other exempt real estate arrangements; other exempt covenants.

Creation of common-interest communities.

Unit boundaries.

Construction and validity of declaration and bylaws.

Description of units.

Contents of declaration.

Leasehold common-interest communities.

Allocation of allocated interests.

Limited common elements.

Plats.

Exercise of developmental rights.