Nev. Rev. Stat. § 116.039

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 116.039 - "Developmental rights" defined

"Developmental rights" means any right or combination of rights reserved by a declarant in the declaration to:

1. Add real estate to a common-interest community;

2. Create units, common elements or limited common elements within a common-interest community;

3. Subdivide units or convert units into common elements; or

4. Withdraw real estate from a common-interest community.

NRS 116.039

(Added to NRS by 1991, 537)-(Substituted in revision for NRS 116.11034)

(Added to NRS by 1991, 537)-(Substituted in revision for NRS 116.11034 )