NRS 116B.085 “Developmental rights” defined.
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/nv/chapter-116b-condominium-hotel-act/116b-085·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 116B.085 “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 condominium hotel;
2. Create residential units, common elements, limited common elements, shared components or a hotel unit within a condominium hotel;
3. Subdivide residential units or convert residential units into common elements, shared components or part of a hotel unit;
4. Subdivide a hotel unit or convert a hotel unit into residential units, common elements or shared components;
5. Subdivide shared components or convert shared components into residential units, common elements or part of a hotel unit;
6. Subdivide or convert common elements into residential units, shared components or part of a hotel unit; or
7. Withdraw real estate from a condominium hotel.