NRS 116B.060 “Condominium hotel” defined.
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/nv/chapter-116b-condominium-hotel-act/116b-060·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 116B.060 “Condominium hotel” defined. “Condominium hotel” means a development in which:
1. Portions of the real estate are designated for separate ownership;
2. A hotel unit is defined which may contain shared components;
3. A transient rental program may be offered to the residential unit owners; and
4. The remainder of the real estate, which may be limited to airspace or subsurface rights, is designated as common elements and is controlled by an association.