NRS116.039. “Developmental rights” defined.

Latest version.

“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.

(Added to NRS by 1991, 537)—(Substituted in revision for NRS 116.11034)

                    
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