reglab/housing_qa huggingface dataset:
NV Rev Stat § 116.4104 (2021)
2021 Nevada Revised Statutes|Chapter 116 - Common-Interest Ownership (Uniform Act)|NRS 116.4104 - Public offering statement: Common-interest communities subject to developmental rights.

If the declaration provides that a common-interest community is subject to any developmental rights, the public offering statement must disclose, in addition to the information required by NRS 116.4103:  1. The maximum number of units that may be created;  2. A statement of how many or what percentage of the units that may be created will be restricted exclusively to residential use, or a statement that no representations are made regarding restrictions of use;  3. A statement of the extent to which any buildings or other improvements that may be erected pursuant to any developmental right in any part of the common-interest community will be compatible with existing buildings and improvements in the common-interest community in terms of architectural style, quality of construction, and size, or a statement that no assurances are made in those regards;  4. General descriptions of all other improvements that may be made and limited common elements that may be created within any part of the common-interest community pursuant to any developmental right reserved by the declarant, or a statement that no assurances are made in that regard;  5. A statement of any limitations as to the locations of any building or other improvement that may be constructed or made within any part of the common-interest community pursuant to any developmental right reserved by the declarant, or a statement that no assurances are made in that regard;  6. A statement that any limited common elements created pursuant to any developmental right reserved by the declarant will be of the same general types and sizes as the limited common elements within other parts of the common-interest community, or a statement of the types and sizes planned, or a statement that no assurances are made in that regard;  7. A statement that the proportion of limited common elements to units created pursuant to any developmental right reserved by the declarant will be approximately equal to the proportion existing within other parts of the common-interest community, or a statement of any other assurances in that regard, or a statement that no assurances are made in that regard;  8. A statement that all restrictions in the declaration affecting use, occupancy and alienation of units will apply to any units created pursuant to any developmental right reserved by the declarant, or a statement of any differentiations that may be made as to those units, or a statement that no assurances are made in that regard; and  9. A statement of the extent to which any assurances made pursuant to this section apply or do not apply if any developmental right is not exercised by the declarant.  (Added to NRS by 1991, 573)
NV Rev Stat § 116.4105 (2021)
2021 Nevada Revised Statutes|Chapter 116 - Common-Interest Ownership (Uniform Act)|NRS 116.4105 - Public offering statement: Time shares.

If the declaration provides that ownership or occupancy of any units, is or may be in time shares, the public offering statement shall disclose, in addition to the information required by NRS 116.4103 and 116.41035:  1. The number and identity of units in which time shares may be created;  2. The total number of time shares that may be created;  3. The minimum duration of any time shares that may be created; and  4. The extent to which the creation of time shares will or may affect the enforceability of the association’s lien for assessments provided in NRS 116.3116 and 116.31162.  (Added to NRS by 1991, 574)
NV Rev Stat § 116.4106 (2021)
2021 Nevada Revised Statutes|Chapter 116 - Common-Interest Ownership (Uniform Act)|NRS 116.4106 - Public offering statement: Common-interest community containing converted building.

  1. The public offering statement of a common-interest community containing any converted building must contain, in addition to the information required by NRS 116.4103 and 116.41035:  (a) A statement by the declarant, based on a report prepared by an independent registered architect or licensed professional engineer, describing the present condition of all structural components and mechanical and electrical installations material to the use and enjoyment of the building;  (b) A list of any outstanding notices of uncured violations of building codes or other municipal regulations, together with the estimated cost of curing those violations; and  (c) The budget to maintain the reserves required pursuant to paragraph (b) of subsection 2 of NRS 116.3115 which must include, without limitation:  (1) The current estimated replacement cost, estimated remaining life and estimated useful life of each major component of the common elements;  (2) As of the end of the fiscal year for which the budget was prepared, the current estimate of the amount of cash reserves that are necessary to repair, replace and restore the major components of the common elements and the current amount of accumulated cash reserves that are set aside for such repairs, replacements and restorations;  (3) A statement as to whether the declarant has determined or anticipates that the levy of one or more special assessments will be required within the next 10 years to repair, replace and restore any major component of the common elements or to provide adequate reserves for that purpose;   (4) A general statement describing the procedures used for the estimation and accumulation of cash reserves described in subparagraph (2), including, without limitation, the qualifications of the person responsible for the preparation of the study of reserves required pursuant to NRS 116.31152; and  (5) The funding plan that is designed to allocate the costs for the repair, replacement and restoration of the major components of the common elements over a period of years.  2. This section applies only to a common-interest community comprised of a converted building or buildings containing more than 12 units that may be occupied for residential use.  (Added to NRS by 1991, 574; A 1997, 1060; 2005, 2613)
NV Rev Stat § 116.4107 (2021)
2021 Nevada Revised Statutes|Chapter 116 - Common-Interest Ownership (Uniform Act)|NRS 116.4107 - Public offering statement: Common-interest community registered with Securities and Exchange Commission or State of Nevada.

If an interest in a common-interest community is currently registered with the Securities and Exchange Commission of the United States or with the State of Nevada pursuant to chapter 119, 119A or 119B of NRS, a declarant satisfies all requirements of this chapter relating to the preparation of a public offering statement if the declarant delivers to the purchaser a copy of the public offering statement filed with the Securities and Exchange Commission or the appropriate Nevada regulatory authority. An interest in a common-interest community is not a security under the provisions of chapter 90 of NRS.  (Added to NRS by 1991, 574)
NV Rev Stat § 116.4108 (2021)
2021 Nevada Revised Statutes|Chapter 116 - Common-Interest Ownership (Uniform Act)|NRS 116.4108 - Purchaser’s right to cancel.

  1. A person required to deliver a public offering statement pursuant to subsection 3 of NRS 116.4102 shall provide a purchaser with a copy of the current public offering statement not later than the date on which an offer to purchase becomes binding on the purchaser. Unless the purchaser has personally inspected the unit, the purchaser may cancel, by written notice, the contract of purchase until midnight of the fifth calendar day following the date of execution of the contract, and the contract for purchase must contain a provision to that effect.  2. If a purchaser elects to cancel a contract pursuant to subsection 1, the purchaser may do so by hand delivering notice thereof to the offeror or by mailing notice thereof by prepaid United States mail to the offeror or to his or her agent for service of process. Cancellation is without penalty, and all payments made by the purchaser before cancellation must be refunded promptly.  3. If a person required to deliver a public offering statement pursuant to subsection 3 of NRS 116.4102 fails to provide a purchaser to whom a unit is conveyed with a current public offering statement, the purchaser is entitled to actual damages, rescission or other relief, but if the purchaser has accepted a conveyance of the unit, the purchaser is not entitled to rescission.  (Added to NRS by 1991, 574; A 1993, 2376; 2003, 2247)
NV Rev Stat § 116.4111 (2021)
2021 Nevada Revised Statutes|Chapter 116 - Common-Interest Ownership (Uniform Act)|NRS 116.4111 - Release of liens.

  1. In the case of a sale of a unit where delivery of a public offering statement is required pursuant to subsection 3 of NRS 116.4102, a seller:  (a) Before conveying a unit, shall record or furnish to the purchaser releases of all liens, except liens on real estate that a declarant has the right to withdraw from the common-interest community, that the purchaser does not expressly agree to take subject to or assume and that encumber:  (1) In a condominium, that unit and its interest in the common elements; and  (2) In a cooperative or planned community, that unit and any limited common elements assigned thereto; or  (b) Shall provide a surety bond against the lien as provided for liens on real estate in NRS 108.2413 to 108.2425, inclusive.  2. Before conveying real estate to the association, the declarant shall have that real estate released from:  (a) All liens the foreclosure of which would deprive units’ owners of any right of access to or easement of support of their units; and  (b) All other liens on that real estate unless the public offering statement describes certain real estate that may be conveyed subject to liens in specified amounts.  (Added to NRS by 1991, 575; A 2003, 2618)
NV Rev Stat § 116.4113 (2021)
2021 Nevada Revised Statutes|Chapter 116 - Common-Interest Ownership (Uniform Act)|NRS 116.4113 - Express warranties of quality.

  1. Express warranties made by any seller to a purchaser of a unit, if relied upon by the purchaser, are created as follows:  (a) Any affirmation of fact or promise that relates to the unit, its use or rights appurtenant thereto, improvements to the common-interest community that would directly benefit the unit or the right to use or have the benefit of facilities not located in the common-interest community creates an express warranty that the unit and related rights and uses will conform to the affirmation or promise;  (b) Any model or description of the physical characteristics of the common-interest community, including plans and specifications of or for improvements, creates an express warranty that the common-interest community will reasonably conform to the model or description;  (c) Any description of the quantity or extent of the real estate comprising the common-interest community, including plats or surveys, creates an express warranty that the common-interest community will conform to the description, subject to customary tolerances; and  (d) A provision that a purchaser may put a unit only to a specified use is an express warranty that the specified use is lawful.  2. Neither formal words, such as "warranty" or "guarantee," nor a specific intention to make a warranty is necessary to create an express warranty of quality, but a statement purporting to be merely an opinion or commendation of the real estate or its value does not create a warranty.  3. Any conveyance of a unit transfers to the purchaser all express warranties of quality made by previous sellers.  4. A warranty created by this section may be excluded or modified by agreement of the parties.  (Added to NRS by 1991, 577; A 1993, 2770)
NV Rev Stat § 116.4114 (2021)
2021 Nevada Revised Statutes|Chapter 116 - Common-Interest Ownership (Uniform Act)|NRS 116.4114 - Implied warranties of quality.

  1. A declarant and any dealer warrant that a unit will be in at least as good condition at the earlier of the time of the conveyance or delivery of possession as it was at the time of contracting, reasonable wear and tear excepted.  2. A declarant and any dealer impliedly warrant that a unit and the common elements in the common-interest community are suitable for the ordinary uses of real estate of its type and that any improvements made or contracted for by a declarant or dealer, or made by any person before the creation of the common-interest community, will be:  (a) Free from defective materials; and  (b) Constructed in accordance with applicable law, according to sound standards of engineering and construction, and in a workmanlike manner.  3. A declarant and any dealer warrant to a purchaser of a unit that may be used for residential use that an existing use, continuation of which is contemplated by the parties, does not violate applicable law at the earlier of the time of conveyance or delivery of possession.  4. Warranties imposed by this section may be excluded or modified as specified in NRS 116.4115.  5. For purposes of this section, improvements made or contracted for by an affiliate of a declarant are made or contracted for by the declarant.  6. Any conveyance of a unit transfers to the purchaser all of the declarant’s implied warranties of quality.  (Added to NRS by 1991, 577; A 2011, 2457)
NV Rev Stat § 116.4115 (2021)
2021 Nevada Revised Statutes|Chapter 116 - Common-Interest Ownership (Uniform Act)|NRS 116.4115 - Exclusion or modification of warranties of quality.

  1. Except as limited by subsection 2 with respect to a purchaser of a unit that may be used for residential use, implied warranties of quality:  (a) May be excluded or modified by agreement of the parties; and  (b) Are excluded by expression of disclaimer, such as "as is," "with all faults," or other language that in common understanding calls the purchaser’s attention to the exclusion of warranties.  2. With respect to a purchaser of a unit that may be occupied for residential use, no general disclaimer of implied warranties of quality is effective, but a declarant and any dealer may disclaim liability in an instrument signed by the purchaser for a specified defect or specified failure to comply with applicable law, if the defect or failure entered into and became a part of the basis of the bargain.  (Added to NRS by 1991, 578)
NV Rev Stat § 116.4116 (2021)
2021 Nevada Revised Statutes|Chapter 116 - Common-Interest Ownership (Uniform Act)|NRS 116.4116 - Statute of limitations for warranties.

  1. Unless a period of limitation is tolled under NRS 116.3111 or affected by subsection 4, a judicial proceeding for breach of any obligation arising under NRS 116.4113 or 116.4114 must be commenced within 6 years after the cause of action accrues, but the parties may agree to reduce the period of limitation to not less than 2 years. With respect to a unit that may be occupied for residential use, an agreement to reduce the period of limitation must be evidenced by a separate instrument executed by the purchaser.  2. Subject to subsection 3, a cause of action for breach of warranty of quality, regardless of the purchaser’s lack of knowledge of the breach, accrues:  (a) As to a unit, at the time the purchaser to whom the warranty is first made enters into possession if a possessory interest was conveyed or at the time of acceptance of the instrument of conveyance if a nonpossessory interest was conveyed; and  (b) As to each common element, at the time the common element is completed or, if later, as to:  (1) A common element that may be added to the common-interest community or portion thereof, at the time the first unit therein is conveyed to a bona fide purchaser; or  (2) A common element within any other portion of the common-interest community, at the time the first unit is conveyed to a purchaser in good faith.  3. If a warranty of quality explicitly extends to future performance or duration of any improvement or component of the common-interest community, the cause of action accrues at the time the breach is discovered or at the end of the period for which the warranty explicitly extends, whichever is earlier.  4. During the period of declarant control, the association may authorize an independent committee of the executive board to evaluate and enforce any warranty claims involving the common elements, and to address those claims. Only members of the executive board elected by units’ owners other than the declarant and other persons appointed by those independent members may serve on the committee, and the committee’s decision must be free of any control by the declarant or any member of the executive board or officer appointed by the declarant. All costs reasonably incurred by the committee, including attorney’s fees, are common expenses, and must be added to the budget annually adopted by the association in accordance with the requirements of NRS 116.31151. If the committee is so created, the period of limitation for a warranty claim considered by the committee begins to run from the date of the first meeting of the committee.  (Added to NRS by 1991, 578; A 2011, 2457)
NV Rev Stat § 116.4117 (2021)
2021 Nevada Revised Statutes|Chapter 116 - Common-Interest Ownership (Uniform Act)|NRS 116.4117 - Effect of violations on rights of action; civil action for damages for failure or refusal to comply with provisions of chapter or governing documents; members of executive board not personally liable to victims of crimes; circumstances under which punitive damages may be awarded; attorney’s fees.

  1. Subject to the requirements set forth in subsection 2, if a declarant, community manager or any other person subject to this chapter fails to comply with any of its provisions or any provision of the declaration or bylaws, any person or class of persons suffering actual damages from the failure to comply may bring a civil action for damages or other appropriate relief.  2. Subject to the requirements set forth in NRS 38.310 and except as otherwise provided in NRS 116.3111, a civil action for damages or other appropriate relief for a failure or refusal to comply with any provision of this chapter or the governing documents of an association may be brought:  (a) By the association against:  (1) A declarant;  (2) A community manager; or  (3) A unit’s owner.  (b) By a unit’s owner against:  (1) The association;  (2) A declarant; or  (3) Another unit’s owner of the association.  (c) By a class of units’ owners constituting at least 10 percent of the total number of voting members of the association against a community manager.  3. Members of the executive board are not personally liable to the victims of crimes occurring on the property.  4. Except as otherwise provided in subsection 5, punitive damages may be awarded for a willful and material failure to comply with any provision of this chapter if the failure is established by clear and convincing evidence.  5. Punitive damages may not be awarded against:  (a) The association;  (b) The members of the executive board for acts or omissions that occur in their official capacity as members of the executive board; or  (c) The officers of the association for acts or omissions that occur in their capacity as officers of the association.  6. The court may award reasonable attorney’s fees to the prevailing party.  7. The civil remedy provided by this section is in addition to, and not exclusive of, any other available remedy or penalty.  8. The provisions of this section do not prohibit the Commission from taking any disciplinary action against a member of an executive board pursuant to NRS 116.745 to 116.795, inclusive.  (Added to NRS by 1991, 578; A 1993, 2377; 1997, 3125; 2009, 2812, 2898; 2011, 2458)
NV Rev Stat § 116.4118 (2021)
2021 Nevada Revised Statutes|Chapter 116 - Common-Interest Ownership (Uniform Act)|NRS 116.4118 - Labeling of promotional material.

No promotional material may be displayed or delivered to prospective purchasers which describes or portrays an improvement that is not in existence unless the description or portrayal of the improvement in the promotional material is conspicuously labeled or identified either as "MUST BE BUILT" or as "NEED NOT BE BUILT."  (Added to NRS by 1991, 579)
NV Rev Stat § 116.4119 (2021)
2021 Nevada Revised Statutes|Chapter 116 - Common-Interest Ownership (Uniform Act)|NRS 116.4119 - Declarant’s obligation to complete and restore.

  1. Except for improvements labeled "NEED NOT BE BUILT," the declarant shall complete all improvements depicted on any site plan or other graphic representation, including any plats or plans prepared pursuant to NRS 116.2109, whether or not that site plan or other graphic representation is contained in the public offering statement or in any promotional material distributed by or for the declarant.  2. The declarant is subject to liability for the prompt repair and restoration, to a condition compatible with the remainder of the common-interest community, of any portion of the common-interest community affected by the exercise of rights reserved pursuant to or created by NRS 116.211 to 116.2113, inclusive, 116.2115 or 116.2116.  (Added to NRS by 1991, 579)
NV Rev Stat § 116.412 (2021)
2021 Nevada Revised Statutes|Chapter 116 - Common-Interest Ownership (Uniform Act)|NRS 116.412 - Substantial completion of units.

In the case of a sale of a unit in which delivery of a public offering statement is required, a contract of sale may be executed, but no interest in that unit may be conveyed, until the declaration is recorded and the unit is substantially completed, in accordance with local ordinances.  (Added to NRS by 1991, 579; A 1993, 2377)
NV Rev Stat § 116.600 (2021)
2021 Nevada Revised Statutes|Chapter 116 - Common-Interest Ownership (Uniform Act)|NRS 116.600 - Commission for Common-Interest Communities and Condominium Hotels: Creation; appointment and qualifications of members; terms of office; compensation.

  1. The Commission for Common-Interest Communities and Condominium Hotels is hereby created.  2. The Commission consists of seven members appointed by the Governor. The Governor shall appoint to the Commission:  (a) One member who is a unit’s owner residing in a unit within this State and who has served as a member of an executive board in this State;  (b) Two members who are units’ owners, each of whom resides in a unit within this State, but who are not required to have served as members of an executive board;  (c) One member who is in the business of developing common-interest communities in this State;  (d) One member who holds a certificate;  (e) One member who is a certified public accountant certified to practice in this State pursuant to the provisions of chapter 628 of NRS; and  (f) One member who is an attorney licensed to practice in this State.  3. Each member of the Commission must be a resident of this State. At least four members of the Commission must be residents of a county whose population is 700,000 or more.  4. Each member of the Commission must have resided in a common-interest community or have been actively engaged in a business or profession related to common-interest communities for not less than 3 years immediately preceding the date of the member’s appointment.  5. After the initial terms, each member of the Commission serves a term of 3 years. Each member may serve not more than two consecutive full terms. If a vacancy occurs during a member’s term, the Governor shall appoint a person qualified under this section to replace the member for the remainder of the unexpired term.  6. While engaged in the business of the Commission, each member is entitled to receive:  (a) A salary of not more than $80 per day, as established by the Commission; and  (b) The per diem allowance and travel expenses provided for state officers and employees generally.  (Added to NRS by 2003, 2209; A 2005, 2619; 2007, 2272; 2009, 2899; 2011, 1146; 2017, 1319)