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, maintenance or improvement of, or services or other expenses related to, common elements, other units or other real estate described in that declaration.

2.

The term does not include an agreement described in NRS 116.1209.

3.

For purposes of this section, “ownership of a unit” does not include holding a leasehold interest of less than 20 years in a unit, including options to renew.

Source: Section 116.021 — “Common-interest community” defined., https://www.­leg.­state.­nv.­us/NRS/NRS-116.­html#NRS116Sec021.

116.001
Short title. 116.003
Definitions. 116.005
“Administrator” defined. 116.007
“Affiliate of a declarant” defined. 116.009
“Allocated interests” defined. 116.011
“Association” and “unit-owners’ association” defined. 116.013
“Certificate” defined. 116.015
“Commission” defined. 116.017
“Common elements” defined. 116.019
“Common expenses” defined. 116.021
“Common-interest community” defined. 116.023
“Community manager” defined. 116.025
“Complaint” defined. 116.027
“Condominium” defined. 116.029
“Converted building” defined. 116.031
“Cooperative” defined. 116.033
“Dealer” defined. 116.035
“Declarant” defined. 116.037
“Declaration” defined. 116.039
“Developmental rights” defined. 116.041
“Dispose” and “disposition” defined. 116.043
“Division” defined. 116.045
“Executive board” defined. 116.047
“Financial statement” defined. 116.049
“Governing documents” defined. 116.051
“Hearing panel” defined. 116.053
“Identifying number” defined. 116.055
“Leasehold common-interest community” defined. 116.057
“Liability for common expenses” defined. 116.059
“Limited common element” defined. 116.061
“Management of a common-interest community” defined. 116.063
“Master association” defined. 116.064
“Nonresidential condominium” defined. 116.065
“Offering” defined. 116.067
“Ombudsman” defined. 116.069
“Party to the complaint” defined. 116.073
“Person” defined. 116.075
“Planned community” defined. 116.077
“Proprietary lease” defined. 116.079
“Purchaser” defined. 116.081
“Real estate” defined. 116.083
“Residential use” defined. 116.085
“Respondent” defined. 116.087
“Security interest” defined. 116.089
“Special declarant’s rights” defined. 116.091
“Time share” defined. 116.093
“Unit” defined. 116.095
“Unit’s owner” defined. 116.0605
“Major component of the common elements” defined. 116.1104
Provisions of chapter may not be varied by agreement, waived or evaded 116.1105
Categorization of property in certain common-interest communities. 116.1106
Applicability of local ordinances, regulations and building codes. 116.1107
Eminent domain. 116.1108
Supplemental general principles of law applicable. 116.1109
Construction against implicit repeal 116.1112
Unconscionable agreement or term of contract. 116.1113
Obligation of good faith. 116.1114
Remedies to be liberally administered. 116.1118
Relation to Electronic Signatures in Global and National Commerce Act. 116.11045
Provisions of chapter do not invalidate or modify tariffs, rules and standards of public utility 116.11085
Provisions of chapter prevail over conflicting provisions governing certain business entities generally.
Last Updated

Jun. 24, 2021

§ 116.021’s source at nv​.us