In the case of a sale of a unit in which delivery of a public offering statement is required, a contract of sale may be executed, but no interest in that unit may be conveyed, until the declaration is recorded and the unit is substantially completed, in accordance with local ordinances.
NRS 116B.795
Substantial completion of units
Known as the Condominium Hotel Act
The act spans §§ 116–116 (187 sections).
(Added to NRS by 2007, 2259)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.