NRS 116.4119
Declarant’s obligation to complete and restore.

1.

Except for improvements labeled “NEED NOT BE BUILT,” the declarant shall complete all improvements depicted on any site plan or other graphic representation, including any plats or plans prepared pursuant to NRS 116.2109, whether or not that site plan or other graphic representation is contained in the public offering statement or in any promotional material distributed by or for the declarant.

2.

The declarant is subject to liability for the prompt repair and restoration, to a condition compatible with the remainder of the common-interest community, of any portion of the common-interest community affected by the exercise of rights reserved pursuant to or created by NRS 116.211 to 116.2113, inclusive, 116.2115 or 116.2116.

Source: Section 116.4119 — Declarant’s obligation to complete and restore., https://www.leg.state.nv.us/NRS/NRS-116.html#NRS116Sec4119 (accessed May 26, 2025).

116.411
Escrow of deposits 116.412
Substantial completion of units. 116.4101
Applicability 116.4102
Liability for preparation and delivery of public offering statement. 116.4103
Public offering statement: General provisions. 116.4104
Public offering statement: Common-interest communities subject to developmental rights. 116.4105
Public offering statement: Time shares. 116.4106
Public offering statement: Common-interest community containing converted building. 116.4107
Public offering statement: Common-interest community registered with Securities and Exchange Commission or State of Nevada. 116.4108
Purchaser’s right to cancel. 116.4109
Resales of units. 116.4111
Release of liens. 116.4112
Converted buildings. 116.4113
Express warranties of quality. 116.4114
Implied warranties of quality. 116.4115
Exclusion or modification of warranties of quality. 116.4116
Statute of limitations for warranties. 116.4117
Effect of violations on rights of action 116.4118
Labeling of promotional material. 116.4119
Declarant’s obligation to complete and restore. 116.41035
Public offering statement: Limitations for certain small offerings. 116.41095
Required form of information statement.

May 26, 2025

§ 116.4119. Declarant’s obligation to complete & restore.'s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_116.4119

Original Source: Section 116.4119 — Declarant’s obligation to complete and restore., https://www.leg.state.nv.us/NRS/NRS-116.html#NRS116Sec4119 (last accessed May 10, 2025).