Title 10

NRS 116B.070 “Dealer” defined. “Dealer” means a person in the business of selling units for his or her own account. (Added to NRS by 2007, 2195)

NRS 116B.075 “Declarant” defined. “Declarant” means any person or group of persons acting in concert who, 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 reserves or succeeds to any…

NRS 116B.080 “Declaration” defined. “Declaration” means any instrument, however denominated, that creates a condominium hotel, including any amendment to an instrument. (Added to NRS by 2007, 2195)

NRS 116B.085 “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 condominium hotel; 2. Create residential units, common elements, limited common elements, shared com…

NRS 116B.090 “Dispose” and “disposition” defined. “Dispose” or “disposition” means a voluntary transfer to a purchaser of any legal or equitable interest in a residential unit, but the term does not include the transfer or release of a security interest. (Added to NRS by 2007, 21…

NRS 116B.095 “Division” defined. “Division” means the Real Estate Division of the Department of Business and Industry. (Added to NRS by 2007, 2196)

NRS 116B.100 “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 2007, 2196; A 2015, 1217)

NRS 116B.105 “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 116B.580. (Added to NRS by 2007, 2196)

NRS 116B.110 “Governing documents” defined. “Governing documents” means: 1. The declaration for the condominium hotel; 2. The articles of incorporation, articles of association, articles of organization, certificate of registration, certificate of limited partnership, certificate…

NRS 116B.115 “Hearing panel” defined. “Hearing panel” means a hearing panel appointed by the Commission pursuant to NRS 116B.855. (Added to NRS by 2007, 2196)

NRS 116B.120 “Hotel unit” defined. “Hotel unit” means a physical portion of the condominium hotel initially designated for ownership by the declarant or hotel unit owner. (Added to NRS by 2007, 2196)

NRS 116B.125 “Hotel unit owner” defined. “Hotel unit owner” means the owner of the hotel unit and the shared components. The hotel unit owner may be the declarant or any successor or assignee of the declarant or an affiliate of the declarant. (Added to NRS by 2007, 2196)

NRS 116B.130 “Identifying number” defined. “Identifying number” means a symbol, address or legally sufficient description of real estate which identifies only one unit in a condominium hotel. (Added to NRS by 2007, 2196)

NRS 116B.135 “Leasehold condominium hotel” defined. “Leasehold condominium hotel” means a condominium hotel in which all or a portion of the real estate is subject to a lease the expiration or termination of which will terminate the condominium hotel or reduce its size. (Added to…

NRS 116B.140 “Liability for common expenses” defined. “Liability for common expenses” means the liability for common expenses allocated to each unit pursuant to NRS 116B.340. (Added to NRS by 2007, 2196)

NRS 116B.145 “Liability for shared expenses” defined. “Liability for shared expenses” means the liability for shared expenses allocated to each residential unit as set forth in the declaration. The hotel unit owner has the power to charge the residential unit owners for such unit…

NRS 116B.150 “Limited common element” defined. “Limited common element” means a portion of the common elements allocated by the declaration or by operation of this chapter for the exclusive use of one or more but fewer than all of the units. (Added to NRS by 2007, 2196)

NRS 116B.155 “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 116B.160 “Major component of the hotel unit” defined. “Major component of the hotel unit” means any component of the hotel unit, including, without limitation, any amenity, improvement, furnishing, fixture, finish, system or equipment, that may, within 30 years after its orig…

NRS 116B.165 “Major component of the shared components” defined. “Major component of the shared components” means any component of the shared components, including, without limitation, the facade of any building, any other portion of the building structure, any amenity, improveme…

NRS 116B.170 “Offering” defined. “Offering” means any advertisement, inducement, solicitation or attempt to encourage any person to acquire any interest in a residential unit, other than as security for an obligation. An advertisement in a newspaper or other periodical of general…

NRS 116B.175 “Ombudsman” defined. “Ombudsman” means the Ombudsman for Owners in Common-Interest Communities and Condominium Hotels created by NRS 116.625. (Added to NRS by 2007, 2197)

NRS 116B.180 “Party to the complaint” defined. “Party to the complaint” means the Division and the respondent. (Added to NRS by 2007, 2197)

NRS 116B.185 “Person” defined. “Person” includes a government and governmental subdivision or agency. (Added to NRS by 2007, 2197)

NRS 116B.190 “Purchaser” defined. “Purchaser” means a person, other than a declarant, who by means of a voluntary transfer acquires a legal or equitable interest in a unit other than: 1. A leasehold interest, including options to renew, of less than 20 years; or 2. As security fo…

NRS 116B.195 “Real estate” defined. “Real estate” means any leasehold or other estate or interest in, over or under land, including structures, fixtures and other improvements and interests that by custom, usage or law pass with a conveyance of land though not described in the co…

NRS 116B.200 “Residential unit” defined. “Residential unit” means a physical portion of the condominium hotel designated for separate residential ownership or occupancy, the boundaries of which are described in the declaration. (Added to NRS by 2007, 2197)

NRS 116B.205 “Residential unit owner” defined. “Residential unit owner” means a declarant, the hotel unit owner or other person who owns a residential unit, or a lessee of a residential unit in a leasehold condominium hotel whose lease expires simultaneously with any lease the ex…

NRS 116B.210 “Security interest” defined. “Security interest” means an interest in real estate or personal property, created by contract or conveyance, which secures payment or performance of an obligation. The term includes a lien created by a mortgage, deed of trust, trust deed…

NRS 116B.215 “Shared components” defined. “Shared components” means portions of the condominium hotel, excluding the residential units and the common elements but including easements in favor of the units, which may be located within the hotel unit and which are set forth as shar…

NRS 116B.220 “Shared expenses” defined. “Shared expenses” means the charges set forth in the declaration that are made to the units by the hotel unit owner for the operation, maintenance, repair, replacement and insurance of the hotel unit, including, without limitation, the shar…

NRS 116B.225 “Special declarant’s rights” defined. “Special declarant’s rights” means rights reserved for the benefit of a declarant to: 1. Complete improvements indicated on plats or in the declaration; 2. Exercise any developmental right; 3. Maintain sales offices, management o…

NRS 116B.230 “Time share” defined. “Time share” has the meaning ascribed to it in NRS 119A.140. (Added to NRS by 2007, 2198)

NRS 116B.235 “Unit” defined. “Unit” means a residential unit, a hotel unit or any other type of unit that may be created as a physical portion of the condominium hotel for separate ownership or occupancy, the boundaries of which are described in the declaration. If another type o…

NRS 116B.240 “Unit’s owner” defined. “Unit’s owner” means a declarant or other person who owns a unit, or a lessee of a unit in a leasehold condominium hotel whose lease expires simultaneously with any lease, the expiration or termination of which will remove the unit from the co…

NRS 116B.245 Provisions of chapter may not be varied by agreement, waived or evaded; exceptions. Except as expressly provided in this chapter, its provisions may not be varied by agreement, and rights conferred by it may not be waived. A declarant may not act under a power of att…

NRS 116B.250 Applicability of local ordinances, regulations and building codes. 1. A building code may not impose any requirement upon any structure in a condominium hotel which it would not impose upon a physically identical development under a different form of ownership. 2. In…

NRS 116B.255 Eminent domain. 1. If a unit is acquired by eminent domain or part of a unit is acquired by eminent domain leaving the unit’s owner with a remnant that may not practically or lawfully be used for any purpose permitted by the declaration, the award must include compen…

NRS 116B.260 Supplemental general principles of law applicable. The principles of law and equity, including the law of corporations and any other form of organization authorized by the laws of this State, the law of unincorporated associations, the law of real property, and the l…

NRS 116B.265 Provisions of chapter prevail over conflicting provisions governing certain business entities generally. If a matter governed by this chapter is also governed by chapter 78, 81, 82, 86, 87, 87A, 88 or 88A of NRS and there is a conflict between the provisions of this …

NRS 116B.270 Construction against implicit repeal. This chapter being a general act intended as a unified coverage of its subject matter, no part of it may be construed to be impliedly repealed by subsequent legislation if that construction can reasonably be avoided. (Added to NR…

NRS 116B.275 Unconscionable agreement or term of contract. 1. The court, upon finding as a matter of law that a contract or clause of a contract was unconscionable at the time the contract was made, may refuse to enforce the contract, enforce the remainder of the contract without…

NRS 116B.280 Obligation of good faith. Every contract or duty governed by this chapter imposes an obligation of good faith in its performance or enforcement. (Added to NRS by 2007, 2200)

NRS 116B.285 Remedies to be liberally administered. The remedies provided by this chapter must be liberally administered to the end that the aggrieved party is put in as good a position as if the other party had fully performed. Consequential, special or punitive damages may not …

NRS 116B.287 Relation to Electronic Signatures in Global and National Commerce Act. This chapter modifies, limits and supersedes the federal Electronic Signatures in Global and National Commerce Act, 15 U.S.C. §§ 7001 et seq., but does not modify, limit or supersede section 101(c…