Source: http://www.cordevistahoa.org/NRS-113.html
Timestamp: 2018-02-22 20:40:01
Document Index: 1416256

Matched Legal Cases: ['§ 309', '§ 2660', '§ 2732', '§ 1662', '§ 2162', '§ 310', '§ 2661', '§ 2733', '§ 1663', '§ 2163']

CHAPTER 113 - SALES OF REAL PROPERTY
SALES BY PUBLIC OFFICERS
NRS 113.010 Successor in office may execute deeds.
NRS 113.020 Evidentiary effect of deed made by successor in office.
RISKS OF VENDOR AND PURCHASER (UNIFORM ACT)
NRS 113.030 Short title.
NRS 113.040 Rights and duties under contract for purchase and sale of real property when property destroyed.
NRS 113.050 Construction.
NRS 113.060 Certain sellers to give notice of rates for water and sewerage services.
NRS 113.100 Definitions.
NRS 113.110 Conditions required for “conveyance of property” and to complete service of document.
NRS 113.120 Regulations prescribing format and contents of form for disclosing condition of property.
NRS 113.010 Successor in office may execute deeds. Where lands, or any estate or interest therein, have been or may hereafter be sold by a sheriff, constable or other authorized officer, for taxes or under an execution or order of sale, and the purchaser or his assigns may be entitled to a deed, and the sheriff or other officer who made the sale shall have died, or shall be absent from the state, or in any way disqualified, it shall be lawful for the successor of the sheriff, constable or other officer to make such deed to the purchaser, his assignee or assignees, in the same manner and with the same effect as if made by the officer making the sale.
[1:15:1862; B § 309; BH § 2660; C § 2732; RL § 1662; NCL § 2162]
NRS 113.020 Evidentiary effect of deed made by successor in office. Deeds, made as provided in NRS 113.010, shall have the same force and effect as evidence as if made by the officer making the sale.
[2:15:1862; B § 310; BH § 2661; C § 2733; RL § 1663; NCL § 2163]
NRS 113.030 Short title. NRS 113.040 and 113.050 may be cited as the Uniform Vendor and Purchaser Risk Act.
(Added to NRS by 1977, 659)
NRS 113.040 Rights and duties under contract for purchase and sale of real property when property destroyed. Any contract made in this state after July 1, 1977, for the purchase and sale of real property shall be interpreted as including an agreement that the parties shall have the following rights and duties, unless the contract expressly provides otherwise:
1. If, when neither the legal title nor possession of the subject matter of the contract has been transferred, all or a material part of the subject matter is destroyed without fault of the purchaser or is taken by eminent domain, the vendor cannot enforce the contract and the purchaser is entitled to recover any portion of the price that he has paid.
2. If, when either the legal title or the possession of the subject matter of the contract has been transferred, all or any part of the subject matter is destroyed without fault of the vendor or is taken by eminent domain, the purchaser is not thereby relieved of a duty to pay the price nor is he entitled to recover any portion of the price which he has paid.
NRS 113.050 Construction. NRS 113.030 and 113.040 shall be interpreted and construed to effectuate its general purpose to make uniform the law of those states which enact it.
(a) Serves or plans to serve more than 25 customers; and
(b) Presently serves fewer than 2,000 customers,
Ê shall post in a conspicuous place on the property or at his sales office if an improved lot is being sold, a notice which states the current rates to be charged for such services or, if the public utility is not presently serving customers, the projected rates to be charged. The notice must also contain the name, address and telephone number of the public utility and the Division of Consumer Complaint Resolution of the Public Utilities Commission of Nevada.
Ê The seller shall retain a copy of the disclosure document that has been signed by the initial purchaser acknowledging the time and date of receipt by the initial purchaser of the original document.
3. The initial purchaser of a residence may waive the 24-hour period required by subsection 1 if the seller provides the initial purchaser with the information required by subsections 1 and 2 and the initial purchaser signs a written waiver. The seller shall retain a copy of the written waiver that has been signed by the initial purchaser acknowledging the time and date of receipt by the initial purchaser of the original document.
(b) Three days after the document is mailed, postage prepaid, to the person being served at his last known address.
(Added to NRS by 1995, 844)
(a) By foreclosure pursuant to chapter 107 of NRS.
(b) Between any co-owners of the property, spouses or persons related within the third degree of consanguinity.
(c) Which is the first sale of a residence that was constructed by a licensed contractor.
(d) By a person who takes temporary possession or control of or title to the property solely to facilitate the sale of the property on behalf of a person who relocates to another county, state or country before title to the property is transferred to a purchaser.
4. If a sale or intended sale of residential property is exempted from the requirements of subsection 1 pursuant to paragraph (a) of subsection 2, the trustee and the beneficiary of the deed of trust shall, not later than at the time of the conveyance of the property to the purchaser of the residential property, provide written notice to the purchaser of any defects in the property of which the trustee or beneficiary, respectively, is aware.
(Added to NRS by 1995, 842; A 1997, 349; 2003, 1339; 2005, 598)