“Common expenses” means expenditures made by, or financial liabilities of, the association, together with any allocations to reserves.
NRS 116.019
“Common expenses” defined
Known as the Uniform Common-Interest Ownership Act
The act spans §§ 116–116 (235 sections).
(Added to NRS by 1991, 536)—(Substituted in revision for NRS 116.11032)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.