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Current as of January 01, 2021 | Updated by FindLaw Staff
“Unit's owner” means a declarant or other person who owns a unit, or a lessee of a unit in a leasehold condominium hotel whose lease expires simultaneously with any lease, the expiration or termination of which will remove the unit from the condominium hotel, but does not include a person having an interest in a unit solely as security for an obligation. In a condominium hotel, the declarant is the owner of any unit created by the declaration until that unit is conveyed to another person.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 10. Property Rights and Transactions § 116B.240. “Unit’s owner” defined - last updated January 01, 2021 | https://codes.findlaw.com/nv/title-10-property-rights-and-transactions/nv-rev-st-116b-240/
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