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Nevada Chapter 116B — Condominium Hotel Act

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  • NRS 116B.005— Short title
  • NRS 116B.010— Definitions
  • NRS 116B.015— “Administrator” defined
  • NRS 116B.020— “Affiliate of a declarant” defined
  • NRS 116B.025— “Allocated interests” defined
  • NRS 116B.030— “Association” and “unit-owners’ association” defined
  • NRS 116B.035— “Commission” defined
  • NRS 116B.040— “Common elements” defined
  • NRS 116B.045— “Common expenses” defined
  • NRS 116B.050— “Community manager” defined
  • NRS 116B.055— “Complaint” defined
  • NRS 116B.060— “Condominium hotel” defined
  • NRS 116B.065— “Converted building” defined
  • NRS 116B.070— “Dealer” defined
  • NRS 116B.075— “Declarant” defined
  • NRS 116B.080— “Declaration” defined
  • NRS 116B.085— “Developmental rights” defined
  • NRS 116B.090— “Dispose” and “disposition” defined
  • NRS 116B.095— “Division” defined
  • NRS 116B.100— “Executive board” defined
  • NRS 116B.105— “Financial statement” defined
  • NRS 116B.110— “Governing documents” defined
  • NRS 116B.115— “Hearing panel” defined
  • NRS 116B.120— “Hotel unit” defined
  • NRS 116B.125— “Hotel unit owner” defined
  • NRS 116B.130— “Identifying number” defined
  • NRS 116B.135— “Leasehold condominium hotel” defined
  • NRS 116B.140— “Liability for common expenses” defined
  • NRS 116B.145— “Liability for shared expenses” defined
  • NRS 116B.150— “Limited common element” defined
  • NRS 116B.155— “Major component of the common elements” defined
  • NRS 116B.160— “Major component of the hotel unit” defined
  • NRS 116B.165— “Major component of the shared components” defined
  • NRS 116B.170— “Offering” defined
  • NRS 116B.175— “Ombudsman” defined
  • NRS 116B.180— “Party to the complaint” defined
  • NRS 116B.185— “Person” defined
  • NRS 116B.190— “Purchaser” defined
  • NRS 116B.195— “Real estate” defined
  • NRS 116B.200— “Residential unit” defined
  • NRS 116B.205— “Residential unit owner” defined
  • NRS 116B.210— “Security interest” defined
  • NRS 116B.215— “Shared components” defined
  • NRS 116B.220— “Shared expenses” defined
  • NRS 116B.225— “Special declarant’s rights” defined
  • NRS 116B.230— “Time share” defined
  • NRS 116B.235— “Unit” defined
  • NRS 116B.240— “Unit’s owner” defined
  • NRS 116B.245— Provisions of chapter may not be varied by agreement, waived or evaded; exceptions
  • NRS 116B.250— Applicability of local ordinances, regulations and building codes
  • NRS 116B.255— Eminent domain
  • NRS 116B.260— Supplemental general principles of law applicable
  • NRS 116B.265— Provisions of chapter prevail over conflicting provisions governing certain business entities generally
  • NRS 116B.270— Construction against implicit repeal
  • NRS 116B.275— Unconscionable agreement or term of contract
  • NRS 116B.280— Obligation of good faith
  • NRS 116B.285— Remedies to be liberally administered
  • NRS 116B.287— Relation to Electronic Signatures in Global and National Commerce Act
  • NRS 116B.290— Applicability
  • NRS 116B.295— Provisions of governing documents in violation of chapter deemed to conform with chapter by operation of law
  • NRS 116B.300— Notice of changes to governing documents
  • NRS 116B.305— Creation of condominium hotels
  • NRS 116B.310— Hotel unit boundaries
  • NRS 116B.315— Control of hotel units; use of shared components
  • NRS 116B.320— Construction and validity of declaration and bylaws
  • NRS 116B.325— Description of units
  • NRS 116B.330— Contents of declaration
  • NRS 116B.335— Leasehold condominium hotels
  • NRS 116B.340— Allocation of allocated interests
  • NRS 116B.345— Limited common elements
  • NRS 116B.350— Plats
  • NRS 116B.355— Exercise of developmental rights
  • NRS 116B.360— Alterations of units; access to units
  • NRS 116B.365— Monuments as boundaries
  • NRS 116B.370— Relocation of boundaries between adjoining units
  • NRS 116B.375— Subdivision of units
  • NRS 116B.380— Amendment of declaration
  • NRS 116B.385— Termination of condominium hotel
  • NRS 116B.390— Rights of creditors following termination
  • NRS 116B.395— Respective interests of units’ owners following termination
  • NRS 116B.400— Effect of foreclosure or enforcement of lien or encumbrance
  • NRS 116B.405— Rights of secured lenders
  • NRS 116B.410— Merger or consolidation of condominium hotels; reallocation of liability for shared expenses
  • NRS 116B.415— Organization of unit-owners’ association
  • NRS 116B.420— Powers of unit-owners’ association
  • 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
  • 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
  • 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
  • NRS 116B.440— Period of declarant’s control of association; representation of units’ owners on executive board
  • 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; certification by member of executive board of understanding of governing documents and provisions of chapter
  • NRS 116B.450— Removal of member of executive board
  • NRS 116B.455— Delivery to association of property held or controlled by declarant; exceptions
  • NRS 116B.460— Delivery to association of additional common elements constructed by declarant or successor declarant
  • NRS 116B.465— Delivery to association of converted shared component reserve deficit
  • NRS 116B.470— Delivery to association of converted common element reserve deficit
  • NRS 116B.475— Transfer of special declarant’s right
  • NRS 116B.480— Liabilities and obligations of person who succeeds to special declarant’s rights
  • NRS 116B.485— Successor not subject to certain claims against or other obligations of transferor of special declarant’s right
  • NRS 116B.490— Bylaws
  • NRS 116B.495— Rules of association
  • NRS 116B.500— Rules of hotel unit owner
  • NRS 116B.505— Limitation on power of hotel unit owner to impose sanctions for violations of rules; exception; procedural requirements
  • NRS 116B.510— Complaint alleging violation by hotel unit owner; acknowledgment; response
  • NRS 116B.513— Notice to units’ owners
  • NRS 116B.515— Upkeep of condominium hotel
  • 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 of meetings; presentation of written report concerning budgets for shared expenses
  • 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 make audio recordings of certain meetings
  • 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 certain meetings
  • NRS 116B.535— Right of units’ owners to have certain complaints placed on agenda of meeting of executive board
  • 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
  • NRS 116B.545— Quorum; use of Robert’s Rules of Order Newly Revised
  • 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
  • NRS 116B.555— Tort and contract liability
  • NRS 116B.560— Conveyance or encumbrance of common elements
  • NRS 116B.565— Insurance: General requirements
  • NRS 116B.570— Insurance: Policies
  • NRS 116B.575— Insurance: Repair or replacement of damaged or destroyed portion of condominium hotel
  • NRS 116B.577— Funds of association to be deposited or invested at certain financial institutions
  • NRS 116B.580— Preparation and presentation of financial statements
  • NRS 116B.585— Audit and review of financial statements
  • 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 improvements
  • 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
  • NRS 116B.600— Annual distribution to units’ owners of operating and reserve budgets or summaries of such budgets; ratification of budget
  • 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
  • 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
  • NRS 116B.615— Signatures required for withdrawals from reserve account of association; exceptions
  • 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
  • NRS 116B.625— Registration of associations with Ombudsman
  • NRS 116B.630— Liens against units for assessments
  • 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 foreclosed
  • NRS 116B.640— Foreclosure of liens: Mailing of notice of default and election to sell to certain interested persons
  • 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
  • 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
  • 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
  • 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
  • NRS 116B.665— Liens against association
  • 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 Ombudsman; limitations on amount that may be charged to conduct review
  • NRS 116B.675— Maintenance and availability of certain financial records of association; provision of copies to units’ owners and Ombudsman
  • NRS 116B.680— Maintenance and availability of financial records of association; right of units’ owners to inspect, examine, photocopy and audit records of association
  • NRS 116B.685— Maintenance, availability and review of certain financial books and records of hotel unit
  • NRS 116B.690— Retaliatory action prohibited
  • NRS 116B.695— Prohibition against certain personnel soliciting or accepting compensation, gratuity or remuneration under certain circumstances
  • NRS 116B.700— Prohibition against certain personnel contracting with association or accepting commission, personal profit or compensation from association; exceptions
  • NRS 116B.705— Association as trustee
  • NRS 116B.710— Right of units’ owners to display flag of the United States in certain areas; conditions and limitations on exercise of right
  • NRS 116B.715— Right of units’ owners to exhibit political signs in certain areas; conditions and limitations on exercise of right
  • NRS 116B.720— Association prohibited from requiring unit’s owner to obtain approval to rent or lease unit; exceptions
  • NRS 116B.725— Applicability; exceptions
  • NRS 116B.730— Liability for preparation and delivery of public offering statement
  • NRS 116B.735— Public offering statement: General provisions
  • NRS 116B.740— Public offering statement: Condominium hotels subject to developmental rights
  • NRS 116B.745— Public offering statement: Condominium hotel containing converted building
  • NRS 116B.750— Public offering statement: Condominium hotel registered with Securities and Exchange Commission or State of Nevada
  • NRS 116B.755— Purchaser’s right to cancel
  • NRS 116B.760— Resales of units
  • NRS 116B.765— Required form of information statement
  • NRS 116B.770— Escrow of deposits; furnishing of bond in lieu of deposit
  • NRS 116B.775— Release of liens
  • NRS 116B.780— Exclusion or modification of warranties of quality
  • NRS 116B.785— Power of Commission to adopt regulations concerning additional disclosures
  • 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 under which punitive damages may be awarded; attorney’s fees
  • NRS 116B.795— Substantial completion of units
  • NRS 116B.800— Jurisdiction
  • NRS 116B.805— Administration of chapter; regulations of Commission and Real Estate Administrator; delegation of authority; publications
  • 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
  • NRS 116B.815— Ombudsman for Owners in Common-Interest Communities and Condominium Hotels: Powers and duties
  • NRS 116B.820— Immunity
  • NRS 116B.825— Service of notice and other information upon Commission
  • NRS 116B.830— Authority for Real Estate Division to conduct business electronically; regulations; fees; use of unsworn declaration; exclusions
  • NRS 116B.835— Issuance and enforcement of subpoenas
  • NRS 116B.840— Witnesses: Payment of fees and mileage
  • NRS 116B.845— Conducting hearings and other proceedings; collection of information; development and promotion of educational guidelines; accreditation of programs of education and research
  • 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
  • NRS 116B.855— Appointment of hearing panels; delegation of powers and duties; appeals to Commission
  • NRS 116B.860— Use of audio or video teleconference for hearings
  • NRS 116B.865— “Violation” defined
  • NRS 116B.870— Jurisdiction of Real Estate Division, Ombudsman, Commission and hearing panels
  • 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
  • NRS 116B.880— Confidentiality of records: Certain records relating to complaint or investigation deemed confidential; certain records relating to disciplinary action deemed public records
  • 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
  • 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
  • NRS 116B.895— Procedure for hearing complaints: Time for holding hearing; continuances; notices; evidence; answers; defaults
  • NRS 116B.900— Representation by attorney
  • NRS 116B.905— Decisions on complaints
  • 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
  • NRS 116B.915— Remedial and disciplinary action: Audit of association; appointment of receiver
  • NRS 116B.920— Injunctions