“Allocated interests” means the undivided interest in the common elements, the liability for common expenses and votes in the association, but, except as otherwise provided in the declaration, not in the shared components or the hotel unit.
NRS 116B.025
“Allocated interests” defined
Known as the Condominium Hotel Act
The act spans §§ 116–116 (187 sections).
(Added to NRS by 2007, 2195)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.