NRS 116.41095 – Required form of information statement.
The information statement required by NRS 116.4103 and 116.4109 must be in substantially the following form: BEFORE YOU PURCHASE PROPERTY IN A COMMON-INTEREST COMMUNITY DID YOU KNOW . . . 1. YOU GENERALLY HAVE 5 DAYS TO CANCEL THE PURCHASE AGREEMENT? When you enter into a purchase agreement to buy a home or unit in […]
NRS 116.335 – Association prohibited from requiring unit’s owner to obtain approval to rent or lease unit; exceptions.
1. Unless, at the time a unit’s owner purchased his or her unit, the declaration prohibited the unit’s owner from renting or leasing his or her unit, the association may not prohibit the unit’s owner from renting or leasing his or her unit. 2. Unless, at the time a unit’s owner purchased his or her […]
NRS 116.340 – Transient commercial use of units within certain planned communities.
1. Except as otherwise provided in subsection 2, a person who owns, or directly or indirectly has an interest in, one or more units within a planned community that are restricted to residential use by the declaration may use that unit or one of those units for a transient commercial use only if: (a) The […]
NRS 116.345 – Association of planned community prohibited from taking certain actions regarding property, buildings and structures within planned community; validity of existing restrictions.
1. An association of a planned community may not restrict, prohibit or otherwise impede the lawful residential use of any property that is within or encompassed by the boundaries of the planned community and that is not designated as part of the planned community. 2. Except as otherwise provided in this subsection, an association may […]
NRS 116.347 – Prohibition against restricting hours construction work may begin; exceptions.
1. If the governing body of a county or city in which a common-interest community is located adopts an ordinance restricting the hours in which construction work may begin, the executive board shall not and the governing documents must not restrict the hours that construction work may begin in the common-interest community during the period […]
NRS 116.350 – Limitations regarding regulation of certain roads, streets, alleys or other thoroughfares; permissible regulation of parking or storage of certain vehicles.
1. In a common-interest community which is not gated or enclosed and the access to which is not restricted or controlled by a person or device, the executive board shall not and the governing documents must not provide for the regulation of any road, street, alley or other thoroughfare the right-of-way of which is accepted […]
NRS 116.4101 – Applicability; exceptions. [Effective through December 31, 2021.] Applicability; exceptions. [Effective January 1, 2022.]
1. NRS 116.4101 to 116.412, inclusive, apply to all units subject to this chapter, except as otherwise provided in subsection 2 or as modified or waived by agreement of purchasers of units in a common-interest community in which all units are restricted to nonresidential use. 2. Neither a public offering statement nor a certificate of […]
NRS 116.4102 – Liability for preparation and delivery of public offering statement.
1. Except as otherwise provided in subsection 2, a declarant, before offering any interest in a unit to the public, shall prepare a public offering statement conforming to the requirements of NRS 116.4103 to 116.4106, inclusive. 2. A declarant may transfer responsibility for the preparation of all or a part of the public offering statement […]
NRS 116.325 – Right of units’ owners to exhibit political signs in certain areas; conditions and limitations on exercise of right.
1. The executive board shall not and the governing documents must not prohibit a unit’s owner or an occupant of a unit from exhibiting one or more political signs within such physical portion of the common-interest community as that owner or occupant has a right to occupy and use exclusively, subject to the following conditions: […]
NRS 116.330 – Right of units’ owners to install or maintain drought tolerant landscaping; conditions and limitations on exercise of right; installation of drought tolerant landscaping within common elements.
1. The executive board shall not and the governing documents must not prohibit a unit’s owner from installing or maintaining drought tolerant landscaping within such physical portion of the common-interest community as that owner has a right to occupy and use exclusively, including, without limitation, the front yard or back yard of the unit’s owner, […]