Nevada Property Rights and Transactions

Sec. § 116.4113
Express warranties of quality.


1.

Express warranties made by any seller to a purchaser of a unit, if relied upon by the purchaser, are created as follows:

(a)

Any affirmation of fact or promise that relates to the unit, its use or rights appurtenant thereto, improvements to the common-interest community that would directly benefit the unit or the right to use or have the benefit of facilities not located in the common-interest community creates an express warranty that the unit and related rights and uses will conform to the affirmation or promise;

(b)

Any model or description of the physical characteristics of the common-interest community, including plans and specifications of or for improvements, creates an express warranty that the common-interest community will reasonably conform to the model or description;

(c)

Any description of the quantity or extent of the real estate comprising the common-interest community, including plats or surveys, creates an express warranty that the common-interest community will conform to the description, subject to customary tolerances; and

(d)

A provision that a purchaser may put a unit only to a specified use is an express warranty that the specified use is lawful.

2.

Neither formal words, such as “warranty” or “guarantee,” nor a specific intention to make a warranty is necessary to create an express warranty of quality, but a statement purporting to be merely an opinion or commendation of the real estate or its value does not create a warranty.

3.

Any conveyance of a unit transfers to the purchaser all express warranties of quality made by previous sellers.

4.

A warranty created by this section may be excluded or modified by agreement of the parties.
Source

Last accessed
Feb. 5, 2021