NRS645C.055. “Complex property” defined.  


Latest version.
  •   “Complex property” means residential property which:

          1.  Is atypical for the marketplace in which it is located based on, without limitation, such factors as:

          (a) The architectural style of the property;

          (b) Special improvements made to the property;

          (c) The size of the lot;

          (d) The use of the property;

          (e) Environmental factors related to the property; and

          (f) Ownership of a partial interest in the property; and

          2.  Requires techniques to be used other than a simple comparison of sales or an analysis of cost or income in order to produce a reliable appraisal of that property.

      (Added to NRS by 1997, 299)