Nevada § 119A.524 Reserved rights of developer

Nevada Statutes

§ 119A.524 — Reserved rights of developer

Nevada § 119A.524

Title 10PROPERTY RIGHTS AND TRANSACTIONS

Ch. 119ATime

MANAGEMENT OF TIME-SHARE PROJECT

This text of Nevada § 119A.524 (Reserved rights of developer) 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. § 119A.524 (2026).

Text

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.

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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.