Reserved rights of developer.

NRS 119A.524 Reserved rights of developer. A developer’s reserved rights may include, without limitation, the right to: 1. Add units or real estate to, and withdraw units or real estate from, a time-share plan. 2. Create units, a common area or a limited common area within the project. 3. Subdivide units or convert units into a common area. 4. Make and complete improvements to the project. 5. Maintain sales offices, management offices and signs for advertising the time-share plan, project and models. 6. Enter into a subsidy agreement with the association in lieu of paying the assessments allocated to the time shares owned by the developer. 7. Provide for the establishment of a master association, as defined in NRS 116.063. 8. Merge or consolidate a time-share plan with another time-share plan which has the same form of ownership. 9. Relocate boundaries between adjoining units in accordance with the provisions of this chapter. (Added to NRS by 2001, 2497)