Nevada § 116A.610 Requirement for community manager to disclose certain information to prospective client before entering into management agreement

Nevada Statutes

§ 116A.610 — Requirement for community manager to disclose certain information to prospective client before entering into management agreement

Nevada § 116A.610

Title 10PROPERTY RIGHTS AND TRANSACTIONS

Ch. 116ACommon-Interest

DUTIES, MANAGEMENT AGREEMENTS, STANDARDS OF PRACTICE AND PROHIBITED ACTS

This text of Nevada § 116A.610 (Requirement for community manager to disclose certain information to prospective client before entering into management agreement) 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. § 116A.610 (2026).

Text

Before entering into a management agreement, a community manager shall disclose in writing to the prospective client any material and relevant information which the community manager knows, or by the exercise of reasonable care and diligence should know, relate to the performance of the management agreement, including any matters which may affect the community manager’s ability to comply with the provisions of this chapter or chapter 116 or 116B of NRS. Such written disclosure must include, without limitation:

1.Whether the community manager, or any member of his or her organization, expects to receive any direct or indirect compensation, gifts or profits from any person who will perform services for the client and, if so, the identity of the person and the nature of the services rendered

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Before entering into a management agreement, a community manager shall disclose in writing to the prospective client any material and relevant information which the community manager knows, or by the exercise of reasonable care and diligence should know, relate to the performance of the management agreement, including any matters which may affect the community manager’s ability to comply with the provisions of this chapter or chapter 116 or 116B of NRS. Such written disclosure must include, without limitation:
1. Whether the community manager, or any member of his or her organization, expects to receive any direct or indirect compensation, gifts or profits from any person who will perform services for the client and, if so, the identity of the person and the nature of the services rendered.
2. Any affiliation with or financial interest in any person or business who furnishes any goods or services to the client.
3. Any pecuniary relationships with any unit’s owner, member of the executive board or officer of the client.