NRS 119A.524
Reserved rights of developer.

A developer’s reserved rights may include, without limitation, the right to:

1.

Add units or real estate to, and withdraw units or real estate from, a time-share plan.

2.

Create units, a common area or a limited common area within the project.

3.

Subdivide units or convert units into a common area.

4.

Make and complete improvements to the project.

5.

Maintain sales offices, management offices and signs for advertising the time-share plan, project and models.

6.

Enter into a subsidy agreement with the association in lieu of paying the assessments allocated to the time shares owned by the developer.

7.

Provide for the establishment of a master association, as defined in NRS 116.063.

8.

Merge or consolidate a time-share plan with another time-share plan which has the same form of ownership.

9.

Relocate boundaries between adjoining units in accordance with the provisions of this chapter.

Source: Section 119A.524 — Reserved rights of developer., https://www.­leg.­state.­nv.­us/NRS/NRS-119A.­html#NRS119ASec524.

Last Updated

Jun. 24, 2021

§ 119A.524’s source at nv​.us