NRS 116B.240 “Unit’s owner” defined.
91 words·~1 min read·
/nv/chapter-116b-condominium-hotel-act/116b-240·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 116B.240 “Unit’s owner” defined. “Unit’s owner” means a declarant or other person who owns a unit, or a lessee of a unit in a leasehold condominium hotel whose lease expires simultaneously with any lease, the expiration or termination of which will remove the unit from the condominium hotel, but does not include a person having an interest in a unit solely as security for an obligation. In a condominium hotel, the declarant is the owner of any unit created by the declaration until that unit is conveyed to another person.