Title 116 · NRS Chapter 116
Developmental rights defined.
Citation: NRS 116.039
Section: 116.116.039
NRS
116.039
Developmental rights defined.
Developmental rights means any right or combination of rights reserved by a declarant in the declaration to:
1. Add real estate to a common-interest community;
2. Create units, common elements or limited common elements within a common-interest community;
3. Subdivide units or convert units into common elements; or
4. Withdraw real estate from a common-interest community.
(Added to NRS by 1991, 537 )—(Substituted in revision for NRS 116.11034)