NRS 116.039 “Developmental rights” defined.
61 words·~1 min read·
/nv/chapter-116-common-interest-ownership-uniform-act/116-039·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 116.039 “Developmental rights” defined. “Developmental rights” means any right or combination of rights reserved by a declarant in the declaration to:
1. Add real estate to a common-interest community;
2. Create units, common elements or limited common elements within a common-interest community;
3. Subdivide units or convert units into common elements; or
4. Withdraw real estate from a common-interest community.