CONDOMINIUM HOTEL ACT
Nev. Rev. Stat. 116B
in effectContents
section116B.005. Short title.section116B.010. Definitions.section116B.015. Administrator defined.section116B.020. Affiliate of a declarant defined.section116B.025. Allocated interests defined.section116B.030. Association and unit-owners association defined.section116B.035. Commission defined.section116B.040. Common elements defined.section116B.045. Common expenses defined.section116B.050. Community manager defined.section116B.055. Complaint defined.section116B.060. Condominium hotel defined.section116B.065. Converted building defined.section116B.070. Dealer defined.section116B.075. Declarant defined.section116B.080. Declaration defined.section116B.085. Developmental rights defined.section116B.090. Dispose and disposition defined.section116B.095. Division defined.section116B.100. Executive board defined.section116B.105. Financial statement defined.section116B.110. Governing documents defined.section116B.115. Hearing panel defined.section116B.120. Hotel unit defined.section116B.125. Hotel unit owner defined.section116B.130. Identifying number defined.section116B.135. Leasehold condominium hotel defined.section116B.140. Liability for common expenses defined.section116B.145. Liability for shared expenses defined.section116B.150. Limited common element defined.section116B.155. Major component of the common elements defined.section116B.160. Major component of the hotel unit defined.section116B.165. Major component of the shared components defined.section116B.170. Offering defined.section116B.175. Ombudsman defined.section116B.180. Party to the complaint defined.section116B.185. Person defined.section116B.190. Purchaser defined.section116B.195. Real estate defined.section116B.200. Residential unit defined.section116B.205. Residential unit owner defined.section116B.210. Security interest defined.section116B.215. Shared components defined.section116B.220. Shared expenses defined.section116B.225. Special declarants rights defined.section116B.230. Time share defined.section116B.235. Unit defined.section116B.240. Units owner defined.section116B.245. Provisions of chapter may not be varied by agreement, waived or evaded; exceptions.section116B.250. Applicability of local ordinances, regulations and building codes.section116B.255. Eminent domain.section116B.260. Supplemental general principles of law applicable.section116B.265. Provisions of chapter prevail over conflicting provisions governing certain business entities generally.section116B.270. Construction against implicit repeal.section116B.275. Unconscionable agreement or term of contract.section116B.280. Obligation of good faith.section116B.285. Remedies to be liberally administered.section116B.287. Relation to Electronic Signatures in Global and National Commerce Act.section116B.290. Applicability.section116B.295. Provisions of governing documents in violation of chapter deemed to conform with chapter by operation of law.section116B.300. Notice of changes to governing documents.section116B.305. Creation of condominium hotels.section116B.310. Hotel unit boundaries.section116B.315. Control of hotel units; use of shared components.section116B.320. Construction and validity of declaration and bylaws.section116B.325. Description of units.section116B.330. Contents of declaration.section116B.335. Leasehold condominium hotels.section116B.340. Allocation of allocated interests.section116B.345. Limited common elements.section116B.350. Plats.section116B.355. Exercise of developmental rights.section116B.360. Alterations of units; access to units.section116B.365. Monuments as boundaries.section116B.370. Relocation of boundaries between adjoining units.section116B.375. Subdivision of units.section116B.380. Amendment of declaration.section116B.385. Termination of condominium hotel.section116B.390. Rights of creditors following termination.section116B.395. Respective interests of units owners following termination.section116B.400. Effect of foreclosure or enforcement of lien or encumbrance.section116B.405. Rights of secured lenders.section116B.410. Merger or consolidation of condominium hotels; reallocation of liability for shared expenses.section116B.415. Organization of unit-owners association.section116B.420. Powers of unit-owners association.section116B.425. Power of executive board to act on behalf of association; members and officers are fiduciaries; duty of care; application of business-judgment rule and conflict of interest rules; limitations on power.section116B.430. Power of executive board to impose fines and other sanctions for violations of governing documents; procedural requirements; continuing violations; collection of past due fines.section116B.435. Accounting for fines in books and records of association; prohibition against applying payment for assessment, fee or other charge toward payment of fine; exceptions.section116B.440. Period of declarants control of association; representation of units owners on executive board.section116B.445. Election of members of executive board and officers of association; term of office of member of executive board; staggered terms; eligibility to serve on executive board; required disclosures; procedure for conducting elections; certification by member of executive board of understanding of governing documents and provisions of chapter.section116B.450. Removal of member of executive board.section116B.455. Delivery to association of property held or controlled by declarant; exceptions.section116B.460. Delivery to association of additional common elements constructed by declarant or successor declarant.section116B.465. Delivery to association of converted shared component reserve deficit.section116B.470. Delivery to association of converted common element reserve deficit.section116B.475. Transfer of special declarants right.section116B.480. Liabilities and obligations of person who succeeds to special declarants rights.section116B.485. Successor not subject to certain claims against or other obligations of transferor of special declarants right.section116B.490. Bylaws.section116B.495. Rules of association.section116B.500. Rules of hotel unit owner.section116B.505. Limitation on power of hotel unit owner to impose sanctions for violations of rules; exception; procedural requirements.section116B.510. Complaint alleging violation by hotel unit owner; acknowledgment; response.section116B.513. Notice to units owners.section116B.515. Upkeep of condominium hotel.section116B.520. Meetings of units owners; frequency of meetings; calling special meetings or removal elections; requirements concerning notice and agendas; requirements concerning minutes of meetings; right of units owners to make audio recordings of meetings; presentation of written report concerning budgets for shared expenses.section116B.525. Meetings of executive board; frequency of meetings; requirements concerning notice and agendas; periodic review of certain financial and legal matters at meetings; requirements concerning minutes of meetings; right of units owners to make audio recordings of certain meetings.section116B.530. Right of units owners to speak at certain meetings; limitations on right; limitations on power of executive board to meet in executive session; procedure governing hearings on alleged violations; requirements concerning minutes of certain meetings.section116B.535. Right of units owners to have certain complaints placed on agenda of meeting of executive board.section116B.540. Meetings regarding civil actions; requirements for commencing or ratifying certain civil actions; right of units owners to request dismissal of certain civil actions; disclosure of terms and conditions of settlements.section116B.545. Quorum; use of Roberts Rules of Order Newly Revised .section116B.550. Voting by units owners; use of proxies; voting by lessees of leased units; association prohibited from voting as owner of unit; voting without meeting.section116B.555. Tort and contract liability.section116B.560. Conveyance or encumbrance of common elements.section116B.565. Insurance: General requirements.section116B.570. Insurance: Policies.section116B.575. Insurance: Repair or replacement of damaged or destroyed portion of condominium hotel.section116B.577. Funds of association to be deposited or invested at certain financial institutions.section116B.580. Preparation and presentation of financial statements.section116B.585. Audit and review of financial statements.section116B.590. Assessments for common expenses; funding of adequate reserves; collection of interest on past due assessments; calculation of assessments for particular types of common expenses; notice of meetings regarding assessments for capital improvements.section116B.595. Assessments for shared expenses; funding of adequate reserves; collection of interest on past due assessments; payer of shared expenses not entitled to ownership or control; delivery of budget for projected shared expenses.section116B.600. Annual distribution to units owners of operating and reserve budgets or summaries of such budgets; ratification of budget.section116B.605. Study of reserves for common elements; duties of executive board regarding study; person who conducts study required to be registered; contents of study; submission of summary of study to Division.section116B.610. Study of reserves for shared components and hotel unit; duties of hotel unit owner regarding study; person who conducts study required to be registered; contents of study.section116B.615. Signatures required for withdrawals from reserve account of association; exceptions.section116B.620. Fees imposed on associations to pay for costs of administering Office of Ombudsman and Commission; administrative penalties for failure to pay; interest on unpaid fees.section116B.625. Registration of associations with Ombudsman.section116B.630. Liens against units for assessments.section116B.635. Foreclosure of liens: Mailing of notice of delinquent assessment; recording of notice of default and election to sell; period during which units owner may pay lien to avoid foreclosure; limitations on type of lien that may be foreclosed.section116B.640. Foreclosure of liens: Mailing of notice of default and election to sell to certain interested persons.section116B.645. Foreclosure of liens: Providing notice of time and place of sale; service of notice of sale; contents of notice of sale; proof of service.section116B.650. Foreclosure of liens: Procedure for conducting sale; purchase of unit by association or hotel unit owner; execution and delivery of deed; use of proceeds of sale.section116B.655. Foreclosure of liens: Effect of recitals in deed; purchaser not responsible for proper application of purchase money; title vested in purchaser without equity or right of redemption.section116B.660. Foreclosure of liens: Requests by interested persons for notice of default and election to sell; right of association or hotel unit owner to waive default and withdraw notice or proceeding to foreclose.section116B.665. Liens against association.section116B.670. Maintenance and availability of books, records and other papers of association: General requirements; provision of copies to units owners and Ombudsman; exceptions; general records concerning certain violations; enforcement by Ombudsman; limitations on amount that may be charged to conduct review.section116B.675. Maintenance and availability of certain financial records of association; provision of copies to units owners and Ombudsman.section116B.680. Maintenance and availability of financial records of association; right of units owners to inspect, examine, photocopy and audit records of association.section116B.685. Maintenance, availability and review of certain financial books and records of hotel unit.section116B.690. Retaliatory action prohibited.section116B.695. Prohibition against certain personnel soliciting or accepting compensation, gratuity or remuneration under certain circumstances.section116B.700. Prohibition against certain personnel contracting with association or accepting commission, personal profit or compensation from association; exceptions.section116B.705. Association as trustee.section116B.710. Right of units owners to display flag of the United States in certain areas; conditions and limitations on exercise of right.section116B.715. Right of units owners to exhibit political signs in certain areas; conditions and limitations on exercise of right.section116B.720. Association prohibited from requiring units owner to obtain approval to rent or lease unit; exceptions.section116B.725. Applicability; exceptions.section116B.730. Liability for preparation and delivery of public offering statement.section116B.735. Public offering statement: General provisions.section116B.740. Public offering statement: Condominium hotels subject to developmental rights.section116B.745. Public offering statement: Condominium hotel containing converted building.section116B.750. Public offering statement: Condominium hotel registered with Securities and Exchange Commission or State of Nevada.section116B.755. Purchasers right to cancel.section116B.760. Resales of units.section116B.765. Required form of information statement.section116B.770. Escrow of deposits; furnishing of bond in lieu of deposit.section116B.775. Release of liens.section116B.780. Exclusion or modification of warranties of quality.section116B.785. Power of Commission to adopt regulations concerning additional disclosures.section116B.790. Effect of violations on rights of action; civil action for damages for failure or refusal to comply with provisions of chapter or governing documents; members of executive board not personally liable to victims of crimes; circumstances under which punitive damages may be awarded; attorneys fees.section116B.795. Substantial completion of units.section116B.800. Jurisdiction.section116B.805. Administration of chapter; regulations of Commission and Real Estate Administrator; delegation of authority; publications.section116B.810. Employment of personnel by Real Estate Division; designation of deputy attorney general by Attorney General; legal opinions and assistance by deputy attorney general.section116B.815. Ombudsman for Owners in Common-Interest Communities and Condominium Hotels: Powers and duties.section116B.820. Immunity.section116B.825. Service of notice and other information upon Commission.section116B.830. Authority for Real Estate Division to conduct business electronically; regulations; fees; use of unsworn declaration; exclusions.section116B.835. Issuance and enforcement of subpoenas.section116B.840. Witnesses: Payment of fees and mileage.section116B.845. Conducting hearings and other proceedings; collection of information; development and promotion of educational guidelines; accreditation of programs of education and research.section116B.850. Establishment of standards for subsidizing proceedings for mediation, arbitration and program and for subsidizing educational programs; acceptance of gifts, grants and donations; agreements and cooperation with other entities.section116B.855. Appointment of hearing panels; delegation of powers and duties; appeals to Commission.section116B.860. Use of audio or video teleconference for hearings.section116B.865. Violation defined.section116B.870. Jurisdiction of Real Estate Division, Ombudsman, Commission and hearing panels.section116B.875. Rights, remedies and penalties are cumulative and not exclusive; limitations on power of Commission and hearing panels regarding internal activities of association.section116B.880. Confidentiality of records: Certain records relating to complaint or investigation deemed confidential; certain records relating to disciplinary action deemed public records.section116B.885. Right of person aggrieved by alleged violation to file affidavit with Real Estate Division; procedure for filing affidavit; administrative fine for filing false or fraudulent affidavit.section116B.890. Referral of affidavit to Ombudsman for assistance in resolving alleged violation; report by Ombudsman; investigation by Real Estate Division; determination of whether to file complaint with Commission.section116B.895. Procedure for hearing complaints: Time for holding hearing; continuances; notices; evidence; answers; defaults.section116B.900. Representation by attorney.section116B.905. Decisions on complaints.section116B.910. Remedial and disciplinary action: Orders to cease and desist and to correct violations; administrative fines; removal from office or position; payment of costs; exemptions from liability.section116B.915. Remedial and disciplinary action: Audit of association; appointment of receiver.section116B.920. Injunctions.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-116B.htmlFetched: 10/4/2026