1. To declare a residential multifamily rental property to be a substandard property, the district court must find:
(a) The residential multifamily rental property is maintained in a way that violates one or more applicable habitability standards, housing codes or building codes, or any statute or ordinance relating to habitability, building safety or fire safety; and
(b) The condition of the residential multifamily rental property that is caused by the violation or violations described in paragraph (a) is so extensive and of such a nature that the health and safety of the residents of the building or the public is substantially endangered.
2. In determining whether to appoint a receiver for a substandard property, the district court shall consider whether the owner of the substandard property has been afforded a reasonable opportunity to repair or rehabilitate the property or otherwise abate the condition.
3. The district court:
(a) Except as otherwise provided in paragraph (b), may appoint a nonprofit organization, community development corporation or other person as a receiver.
(b) Shall not appoint any nonprofit organization, community development corporation or person as a receiver unless the nonprofit organization, community development corporation or person has demonstrated to the district court the necessary capacity and expertise to develop and supervise a viable financial and construction plan for the satisfactory rehabilitation of the substandard property.
4. An order issued by a district court declaring a residential multifamily rental property to be a substandard property must, without limitation, set forth:
(a) The conditions found by the district court that make the residential multifamily rental property a substandard property; and
(b) The repairs, rehabilitations and abatements that the district court finds to be necessary in order to correct each violation of a habitability standard, housing code or building code, or any statute or ordinance relating to habitability, building safety or fire safety.
5. The provisions of NRS 32.100 to 32.370, inclusive, and any rules adopted by the Supreme Court pursuant to NRS 32.270 apply to any receiver appointed pursuant to this section for a substandard property.