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Current as of January 01, 2025 | Updated by Findlaw Staff
“Liability for shared expenses” means the liability for shared expenses allocated to each residential unit as set forth in the declaration. The hotel unit owner has the power to charge the residential unit owners for such unit owners’ allocated liability for the shared expenses, including, without limitation, the maintenance, insurance, repair or replacement of the hotel unit and shared components.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 10. Property Rights and Transactions § 116B.145. “Liability for shared expenses” defined - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-10-property-rights-and-transactions/nv-rev-st-116b-145/
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