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 components or a hotel unit within a condominium hotel;

3.

Subdivide residential units or convert residential units into common elements, shared components or part of a hotel unit;

4.

Subdivide a hotel unit or convert a hotel unit into residential units, common elements or shared components;

5.

Subdivide shared components or convert shared components into residential units, common elements or part of a hotel unit;

6.

Subdivide or convert common elements into residential units, shared components or part of a hotel unit; or

7.

Withdraw real estate from a condominium hotel.

Source: Section 116B.085 — “Developmental rights” defined., https://www.­leg.­state.­nv.­us/NRS/NRS-116B.­html#NRS116BSec085.

116B.005
Short title. 116B.010
Definitions. 116B.015
“Administrator” defined. 116B.020
“Affiliate of a declarant” defined. 116B.025
“Allocated interests” defined. 116B.030
“Association” and “unit-owners’ association” defined. 116B.035
“Commission” defined. 116B.040
“Common elements” defined. 116B.045
“Common expenses” defined. 116B.050
“Community manager” defined. 116B.055
“Complaint” defined. 116B.060
“Condominium hotel” defined. 116B.065
“Converted building” defined. 116B.070
“Dealer” defined. 116B.075
“Declarant” defined. 116B.080
“Declaration” defined. 116B.085
“Developmental rights” defined. 116B.090
“Dispose” and “disposition” defined. 116B.095
“Division” defined. 116B.100
“Executive board” defined. 116B.105
“Financial statement” defined. 116B.110
“Governing documents” defined. 116B.115
“Hearing panel” defined. 116B.120
“Hotel unit” defined. 116B.125
“Hotel unit owner” defined. 116B.130
“Identifying number” defined. 116B.135
“Leasehold condominium hotel” defined. 116B.140
“Liability for common expenses” defined. 116B.145
“Liability for shared expenses” defined. 116B.150
“Limited common element” defined. 116B.155
“Major component of the common elements” defined. 116B.160
“Major component of the hotel unit” defined. 116B.165
“Major component of the shared components” defined. 116B.170
“Offering” defined. 116B.175
“Ombudsman” defined. 116B.180
“Party to the complaint” defined. 116B.185
“Person” defined. 116B.190
“Purchaser” defined. 116B.195
“Real estate” defined. 116B.200
“Residential unit” defined. 116B.205
“Residential unit owner” defined. 116B.210
“Security interest” defined. 116B.215
“Shared components” defined. 116B.220
“Shared expenses” defined. 116B.225
“Special declarant’s rights” defined. 116B.230
“Time share” defined. 116B.235
“Unit” defined. 116B.240
“Unit’s owner” defined. 116B.245
Provisions of chapter may not be varied by agreement, waived or evaded 116B.250
Applicability of local ordinances, regulations and building codes. 116B.255
Eminent domain. 116B.260
Supplemental general principles of law applicable. 116B.265
Provisions of chapter prevail over conflicting provisions governing certain business entities generally. 116B.270
Construction against implicit repeal. 116B.275
Unconscionable agreement or term of contract. 116B.280
Obligation of good faith. 116B.285
Remedies to be liberally administered. 116B.287
Relation to Electronic Signatures in Global and National Commerce Act.
Last Updated

Jun. 24, 2021

§ 116B.085’s source at nv​.us