Title 10

NRS 115.025 Form for making declaration of homestead: Design and contents; availability. 1. The Real Estate Division of the Department of Business and Industry shall: (a) Solicit recommendations from each county recorder concerning the design and contents of a form that may be us…

NRS 115.030 Tenants in common: Declaration of homestead. Tenants in common may declare for homestead rights upon their respective estates in lands, and the improvements thereon; and hold and enjoy homestead rights and privileges therein, subject to the rights of their cotenants, …

NRS 115.040 Mortgage or alienation of homestead property; abandonment of homestead. 1. A mortgage or alienation of any kind, made for the purpose of securing a loan or indebtedness upon the homestead property, is not valid for any purpose, unless the signature of both spouses, wh…

NRS 115.050 Execution against homestead. 1. Whenever execution has been issued against the property of a party claiming the property as a homestead, and the creditor in the judgment makes an oath before the judge of the district court of the county in which the property is situat…

NRS 115.055 Proceeds from sale of homestead only exempt from execution if reinvested in another property that is identified and taken possession of within certain periods. Notwithstanding any other provision of law, the proceeds of $605,000 from the sale of a homestead pursuant t…

NRS 115.060 Disposition in case of death. Except as otherwise provided in a premarital agreement between a married couple which is enforceable pursuant to chapter 123A of NRS: 1. If the property declared upon as a homestead is community property, the married couple shall be deeme…

NRS 115.070 Conveyance of homestead by owner when spouse insane: Procedure. 1. If the spouse of any owner of a homestead is insane, and the owner desires to convey the homestead, or any interest therein, the owner may petition the district court in which the homestead is situated…

NRS 115.080 Property not exempt from sale for taxes. Nothing in this chapter shall be so construed as exempting any real or personal property from sale for taxes. [8:72:1865; B § 193; BH § 546; C § 557; RL § 2149; NCL § 3322]

NRS 115.090 Property not exempt from recovery of money owed to Nevada Health Authority for Medicaid benefits. Nothing in this chapter exempts any real or personal property from any statute of this State that authorizes the recovery of money owed to the Nevada Health Authority as …

NRS 116.001 Short title. This chapter may be cited as the Uniform Common-Interest Ownership Act. (Added to NRS by 1991, 535)—(Substituted in revision for NRS 116.1101)

NRS 116.003 Definitions. As used in this chapter and in the declaration and bylaws of an association, the words and terms defined in NRS 116.005 to 116.095, inclusive, have the meanings ascribed to them in those sections. (Added to NRS by 1991, 535; A 2003, 1302, 2221; 2005, 2586…

NRS 116.005 “Administrator” defined. “Administrator” means the Real Estate Administrator. (Added to NRS by 1999, 2993; A 2003, 1302, 2221)—(Substituted in revision for NRS 116.110305)

NRS 116.007 “Affiliate of a declarant” defined. “Affiliate of a declarant” means any person who controls, is controlled by or is under common control with a declarant. For purposes of this section: 1. A person controls a declarant if the person: (a) Is a general partner, officer,…

NRS 116.009 “Allocated interests” defined. “Allocated interests” means the following interests allocated to each unit: 1. In a condominium, the undivided interest in the common elements, the liability for common expenses, and votes in the association; 2. In a cooperative, the lia…

NRS 116.011 “Association” and “unit-owners’ association” defined. “Association” or “unit-owners’ association” means the unit-owners’ association organized under NRS 116.3101. (Added to NRS by 1991, 536)—(Substituted in revision for NRS 116.110315)

NRS 116.013 “Certificate” defined. “Certificate” means a certificate for the management of a common-interest community or the management of an association of a condominium hotel issued by the Division pursuant to chapter 116A of NRS. (Added to NRS by 2003, 2208; A 2005, 2587; 200…

NRS 116.015 “Commission” defined. “Commission” means the Commission for Common-Interest Communities and Condominium Hotels created by NRS 116.600. (Added to NRS by 2003, 2208; A 2007, 2268)

NRS 116.017 “Common elements” defined. “Common elements” means: 1. In the case of: (a) A condominium or cooperative, all portions of the common-interest community other than the units, including easements in favor of units or the common elements over other units. (b) A planned co…

NRS 116.019 “Common expenses” defined. “Common expenses” means expenditures made by, or financial liabilities of, the association, together with any allocations to reserves. (Added to NRS by 1991, 536)—(Substituted in revision for NRS 116.11032)

NRS 116.021 “Common-interest community” defined. 1. “Common-interest community” means real estate described in a declaration with respect to which a person, by virtue of the person’s ownership of a unit, is obligated to pay for a share of real estate taxes, insurance premiums, ma…

NRS 116.023 “Community manager” defined. “Community manager” means a person who provides for or otherwise engages in the management of a common-interest community or the management of an association of a condominium hotel. (Added to NRS by 2003, 2208; A 2007, 2268)

NRS 116.025 “Complaint” defined. “Complaint” means a complaint filed by the Administrator pursuant to NRS 116.765. (Added to NRS by 2003, 2208)

NRS 116.027 “Condominium” defined. “Condominium” means a common-interest community in which portions of the real estate are designated for separate ownership and the remainder of the real estate is designated for common ownership solely by the owners of those portions. A common-i…

NRS 116.029 “Converted building” defined. “Converted building” means a building that at any time before creation of the common-interest community was occupied wholly or partially by persons other than purchasers and persons who occupy with the consent of purchasers. (Added to NRS…

NRS 116.031 “Cooperative” defined. “Cooperative” means a common-interest community in which the real estate is owned by an association, each of whose members is entitled by virtue of the member’s ownership in the association to exclusive possession of a unit. (Added to NRS by 199…

NRS 116.033 “Dealer” defined. “Dealer” means a person in the business of selling units for his or her own account. (Added to NRS by 1991, 537)—(Substituted in revision for NRS 116.110333)

NRS 116.035 “Declarant” defined. “Declarant” means any person or group of persons acting in concert who: 1. As part of a common promotional plan, offers to dispose of the interest of the person or group of persons in a unit not previously disposed of; or 2. Reserves or succeeds t…

NRS 116.037 “Declaration” defined. “Declaration” means any instruments, however denominated, that create a common-interest community, including any amendments to those instruments. (Added to NRS by 1991, 537)—(Substituted in revision for NRS 116.110338)

NRS 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 commo…

NRS 116.041 “Dispose” and “disposition” defined. “Dispose” or “disposition” means a voluntary transfer to a purchaser of any legal or equitable interest in a unit, but the term does not include the transfer or release of a security interest. (Added to NRS by 1991, 537)—(Substitut…

NRS 116.043 “Division” defined. “Division” means the Real Estate Division of the Department of Business and Industry. (Added to NRS by 2003, 1301, 2208)

NRS 116.045 “Executive board” defined. “Executive board” means the body, regardless of name, designated in the declaration or bylaws to act on behalf of the association. (Added to NRS by 1991, 537; A 2011, 2416)—(Substituted in revision for NRS 116.110345)

NRS 116.047 “Financial statement” defined. “Financial statement” means a financial statement of an association that is prepared and presented in accordance with the requirements established by the Commission pursuant to NRS 116.31142. (Added to NRS by 1997, 3110; A 2005, 2587)

NRS 116.049 “Governing documents” defined. “Governing documents” means: 1. The declaration for the common-interest community; 2. The articles of incorporation, articles of association, articles of organization, certificate of registration, certificate of limited partnership, cert…

NRS 116.051 “Hearing panel” defined. “Hearing panel” means a hearing panel appointed by the Commission pursuant to NRS 116.675. (Added to NRS by 2003, 2208)

NRS 116.053 “Identifying number” defined. “Identifying number” means a symbol, address or legally sufficient description of real estate which identifies only one unit in a common-interest community. (Added to NRS by 1991, 537; A 1993, 2356)—(Substituted in revision for NRS 116.11…

NRS 116.055 “Leasehold common-interest community” defined. “Leasehold common-interest community” means a common-interest community in which all or a portion of the real estate is subject to a lease the expiration or termination of which will terminate the common-interest communit…

NRS 116.057 “Liability for common expenses” defined. “Liability for common expenses” means the liability for common expenses allocated to each unit pursuant to NRS 116.2107. (Added to NRS by 1991, 537)—(Substituted in revision for NRS 116.110353)

NRS 116.059 “Limited common element” defined. “Limited common element” means a portion of the common elements allocated by the declaration or by operation of subsection 2 or 4 of NRS 116.2102 for the exclusive use of one or more but fewer than all of the units. (Added to NRS by 1…

NRS 116.0605 “Major component of the common elements” defined. “Major component of the common elements” means any component of the common elements, including, without limitation, any amenity, improvement, furnishing, fixture, finish, system or equipment, that may, within 30 years…

NRS 116.061 “Management of a common-interest community” defined. “Management of a common-interest community” means the physical, administrative or financial maintenance and management of a common-interest community, or the supervision of those activities, for a fee, commission or…

NRS 116.063 “Master association” defined. “Master association” means an organization described in NRS 116.212, whether or not it is also an association described in NRS 116.3101. (Added to NRS by 1991, 537)—(Substituted in revision for NRS 116.110358)

NRS 116.064 “Nonresidential condominium” defined. “Nonresidential condominium” means a condominium in which all units are restricted exclusively to nonresidential use. (Added to NRS by 2009, 1607)

NRS 116.065 “Offering” defined. “Offering” means any advertisement, inducement, solicitation or attempt to encourage any person to acquire any interest in a unit, other than as security for an obligation. An advertisement in a newspaper or other periodical of general circulation,…

NRS 116.067 “Ombudsman” defined. “Ombudsman” means the Ombudsman for Owners in Common-Interest Communities and Condominium Hotels. (Added to NRS by 2003, 2209; A 2007, 2268)

NRS 116.069 “Party to the complaint” defined. “Party to the complaint” means the Division and the respondent. (Added to NRS by 2003, 2209)