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Current as of January 01, 2025 | Updated by Findlaw Staff
A developer's reserved rights may include, without limitation, the right to:
1. Add units or real estate to, and withdraw units or real estate from, a time-share plan.
2. Create units, a common area or a limited common area within the project.
3. Subdivide units or convert units into a common area.
4. Make and complete improvements to the project.
5. Maintain sales offices, management offices and signs for advertising the time-share plan, project and models.
6. Enter into a subsidy agreement with the association in lieu of paying the assessments allocated to the time shares owned by the developer.
7. Provide for the establishment of a master association, as defined in NRS 116.063.
8. Merge or consolidate a time-share plan with another time-share plan which has the same form of ownership.
9. Relocate boundaries between adjoining units in accordance with the provisions of this chapter.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 10. Property Rights and Transactions § 119A.524. Reserved rights of developer - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-10-property-rights-and-transactions/nv-rev-st-119a-524/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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