Nevada law · Common-Interest Communities

NRS 116.21205

Reallocation of costs of administering common elements of certain master associations.

The statutory text

Verbatim from the public record. The law itself is a government work — always confirm the current version on the official source before you rely on it.

The executive board of a master association of any common-interest community that was created before January 1, 1975, and is located in a county whose population is 700,000 or more may record an amendment to the declaration pursuant to which the master association reallocates the costs of administering the common elements of the master association among the units of the common-interest community uniformly and based upon the actual costs associated with each unit.

Official source

NRS 116.21205

The statutory text

Official source

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