Settlement by repurchase; certain offers of settlement deemed reasonable.
Nev. Rev. Stat. § 40.665
in effectIn addition to any other method provided for settling a claim pursuant to NRS 40.600 to 40.695, inclusive, a contractor may, pursuant to a written agreement entered into with a claimant, settle a claim by repurchasing the claimants residence and the real property upon which it is located. The agreement may include provisions which reimburse the claimant for:
1. The market value of the residence as if no constructional defect existed, except that if a residence is less than 2 years of age and was purchased from the contractor against whom the claim is brought, the market value is the price at which the residence was sold to the claimant;
2. The value of any improvements made to the property by a person other than the contractor;
3. Reasonable attorneys fees and fees for experts; and
4. Any costs, including costs and expenses for moving and costs, points and fees for loans.
Ê Any offer of settlement made that includes the items listed in this section shall be deemed reasonable for the purposes of subsection 1 of NRS 40.650 .
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-040.htmlFetched: 10/4/2026