Nevada § 116.21205 Reallocation of costs of administering common elements of certain master associations

Nevada Statutes

§ 116.21205 — Reallocation of costs of administering common elements of certain master associations

Nevada § 116.21205

Title 10PROPERTY RIGHTS AND TRANSACTIONS

Ch. 116Common-Interest

CREATION, ALTERATION AND TERMINATION OF COMMON-INTEREST COMMUNITIES

This text of Nevada § 116.21205 (Reallocation of costs of administering common elements of certain master associations) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 116.21205 (2026).

Text

The executive board of a master association of any common-interest community that was created before January 1, 1975, and is located in a county whose population is 700,000 or more may record an amendment to the declaration pursuant to which the master association reallocates the costs of administering the common elements of the master association among the units of the common-interest community uniformly and based upon the actual costs associated with each unit.

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The executive board of a master association of any common-interest community that was created before January 1, 1975, and is located in a county whose population is 700,000 or more may record an amendment to the declaration pursuant to which the master association reallocates the costs of administering the common elements of the master association among the units of the common-interest community uniformly and based upon the actual costs associated with each unit.