NRS116B.085. “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 condominium hotel;

      2. Create units, common elements, limited common elements, shared components or a hotel unit within a condominium hotel;

      3. Subdivide units or convert units into common elements, shared components or part of a hotel unit;

      4. Subdivide or convert common elements into shared components or part of a hotel unit; or

      5. Withdraw real estate from a condominium hotel.

(Added to NRS by 2007, 2195)

                    
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