Title 116 · NRS Chapter 116
Condominium defined.
Citation: NRS 116.027
Section: 116.116.027
NRS
116.027
Condominium defined.
Condominium means a common-interest community in which portions of the real estate are designated for separate ownership and the remainder of the real estate is designated for common ownership solely by the owners of those portions. A common-interest community is not a condominium unless the undivided interests in the common elements are vested in the units owners.
(Added to NRS by 1991, 536 )—(Substituted in revision for NRS 116.110325)