NRS445D.050. “Common-interest community” defined.

Latest version.

“Common-interest community” means a condominium, cooperative or other real property with respect to which a person, by virtue of the person’s ownership of a parcel of real property, is obligated to pay property taxes or insurance premiums, or for maintenance or improvement of other real property described in a recorded covenant that creates the common-interest community.

(Added to NRS by 2005, 1362)

                    
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