NRS 116.093

�Unit� means a physical portion of the common-interest community designated for separate ownership or occupancy, the boundaries of which are described pursuant to paragraph (e) of subsection 1 of NRS 116.2105 . If a unit in a cooperative is owned by the unit�s owner or is sold, conveyed, voluntarily or involuntarily encumbered, or otherwise transferred by the unit�s owner, the interest in that unit which is owned, sold, conveyed, encumbered or otherwise transferred is the right to possession of that unit under a proprietary lease, coupled with the allocated interests of that unit, and the association�s interest in that unit is not thereby affected.