§ 116B.330 — Contents of declaration

Nevada § 116B.330

• Jurisdiction: Nevada
• Title 10: PROPERTY RIGHTS AND TRANSACTIONS
• Ch. 116B: Condominium

Text

1. The declaration for a condominium hotel must contain:
(a) The names of the condominium hotel and the association.
(b) The name of every county in which any part of the condominium hotel is situated.
(c) A legally sufficient description of the real estate included in the condominium hotel.
(d) A statement of the maximum number of units that the declarant reserves the right to create.
(e) A description of the boundaries of each residential unit created by the declaration, including the unit’s identifying number, its size or number of rooms, and its location within a building if it is within a building containing more than one unit.
(f) A description of the shared components, hotel unit and the common elements.
(g) A description of any limited common elements.
(h) A description of any developmental rights and other special declarant’s rights reserved by the declarant, together with a legally sufficient description of the real estate to which each of those rights applies, and a time limit within which each of those rights must be exercised.
(i) If any developmental right may be exercised with respect to different parcels of real estate at different times, a statement to that effect together with:
(1) Either a statement fixing the boundaries of those portions and regulating the order in which those portions may be subjected to the exercise of each developmental right or a statement that no assurances are made in those regards; and
(2) A statement whether, if any developmental right is exercised in any portion of the real estate subject to that developmental right, that developmental right must be exercised in all or in any other portion of the remainder of that real estate.
(j) Any other conditions or limitations under which the rights described in paragraph (h) may be exercised or will lapse.
(k) A description of any easements benefiting or burdening the units, including easements providing the residential unit owners with rights of ingress or egress through the common elements, hotel unit or shared components for the purpose of accessing their respective units.
(l) An allocation to the units of the allocated interests as described in this chapter, and an allocation to the residential units of their respective liability for shared expenses and other charges of the hotel unit owner.
(m) A description of any other payments, fees and charges that may be charged by the hotel unit owner in order to offset the increased burden placed on the shared components as the result of use of residential units as transient rentals.
(n) Any restrictions:
(1) On use, occupancy and alienation of the units; and
(2) On the amount for which a unit may be sold or on the amount that may be received by a unit’s owner on sale, condemnation or casualty to the unit or to the condominium hotel, or on termination of the condominium hotel.
(o) The file number and book or other information for recorded easements and licenses appurtenant to or included in the condominium hotel or to which any portion of the condominium hotel is or may become subject by virtue of a reservation in the declaration.
2. The declaration may contain any other matters the declarant considers appropriate.

Legislative History

(Added to NRS by 2007, 2202 ; A 2015, 1218 )