1. If the interest of the developer is a leasehold interest, the lease, unless otherwise determined by the Administrator, must provide that: (a) The lessee must give notice of termination of the lease for any default by the lessor to the association. (b) The lessor, upon any default of the lessee including bankruptcy of the […]
The developer shall provide the board with a copy of the approved public offering statement and any amendments thereto, to be maintained by the association as part of the records of the time-share plan. (Added to NRS by 2013, 1581)
1. Except as otherwise provided in subsection 2, if a time-share instrument authorizes the developer to withdraw units from the time-share plan, any unit that is subject to withdrawal may not be withdrawn if a time share attributable to that unit is owned by a purchaser. 2. Any legally created units or parcels within a […]
1. Except as otherwise provided in subsection 2 and subject to the provisions of the time-share instrument and other provisions of law, a developer may, with the prior approval of the Division, relocate the boundaries between adjoining units by amending the provisions of the time-share instrument and any recorded map or plat relating thereto. 2. […]
No action for partition of a unit may be maintained except as provided in the time-share instrument. If a time share is owned by two or more persons, an action may be brought for the judicial sale of the time share. A provision for the waiver or subordination of the right of partition or any […]
If a unit is unavailable for a period to which the owner is entitled by schedule or by confirmed reservation, the owner is entitled to be provided by the association: 1. A comparable unit; or 2. Monetary compensation for the loss of such use. (Added to NRS by 1983, 990; A 1985, 1143; 1991, 98; […]
1. A manager or, if there is no manager, the board shall maintain in the records of an association a complete list of the names and mailing addresses of all owners. The list must be updated not less frequently than quarterly. 2. If a time-share plan is part of a common-interest community governed by chapter […]
