reglab/housing_qa huggingface dataset:
NV Rev Stat § 116B.420 (2021)
2021 Nevada Revised Statutes|Chapter 116B - Condominium Hotel Act|NRS 116B.420 - Powers of unit-owners’ association.

Subject to the provisions of the declaration, the association:  1. Shall adopt and, except as otherwise provided in the bylaws, may amend bylaws and may adopt and amend rules and regulations pertaining to the common elements. Unless otherwise provided in the declaration, bylaws, rules or regulations adopted by the association must not attempt to exercise any control over the hotel unit or the shared components.  2. Shall adopt and may amend budgets in accordance with the requirements set forth in NRS 116B.600, may collect assessments for common expenses from the units’ owners and may invest funds of the association in accordance with the requirements set forth in NRS 116B.577.  3. May hire and discharge managing agents and other employees, agents and independent contractors of the association.  4. May institute, defend or intervene in litigation or in arbitration, mediation or administrative proceedings in its own name on behalf of itself or two or more units’ owners on matters affecting the condominium hotel.  5. May make contracts and incur liabilities with regard to the common elements.  6. May regulate the use, maintenance, repair, replacement and modification of common elements.  7. May cause additional improvements to be made as a part of the common elements.  8. May acquire, hold, encumber and convey in its own name any right, title or interest to real estate or personal property, but common elements may be conveyed or subjected to a security interest only pursuant to NRS 116B.560.  9. May grant easements, leases, licenses and concessions through or over the common elements.  10. May impose and receive any payments, fees or charges for the use, rental or operation of the common elements.  11. May impose charges for late payment of assessments on common elements.  12. May impose reasonable fines for violations of the governing documents of the association only if the association complies with the requirements set forth in NRS 116B.430.  13. May provide for the indemnification of its officers and executive board and maintain directors’ and officers’ liability insurance.  14. May assign its right to future income, including the right to receive assessments for common expenses, but only to the extent the declaration expressly so provides.  15. May exercise any other powers conferred by the declaration or bylaws.  16. May exercise any other powers necessary and proper for the governance and operation of the association.  (Added to NRS by 2007, 2213; A 2015, 1222)
NV Rev Stat § 116B.425 (2021)
2021 Nevada Revised Statutes|Chapter 116B - Condominium Hotel Act|NRS 116B.425 - Power of executive board to act on behalf of association; members and officers are fiduciaries; duty of care; application of business-judgment rule and conflict of interest rules; limitations on power.

  1. Except as otherwise provided in the declaration, the bylaws, this section or other provisions of this chapter, the executive board acts in all instances on behalf of the association. In the performance of their duties, the officers and members of the executive board are fiduciaries. Officers and members of the executive board:  (a) Are required to exercise the ordinary and reasonable care of officers and directors of a nonprofit corporation, subject to the business-judgment rule; and  (b) Are subject to conflict of interest rules governing the officers and directors of a nonprofit corporation organized under the laws of this State.  2. The executive board may not act to:  (a) Amend the declaration.  (b) Terminate the condominium hotel.  (c) Elect members of the executive board, but unless the governing documents provide that a vacancy on the executive board must be filled by a vote of the membership of the association, the executive board may fill vacancies in its membership for the unexpired portion of any term or until the next regularly scheduled election of executive board members, whichever is earlier. Any executive board member elected to a previously vacant position which was temporarily filled by board appointment may only be elected to fulfill the remainder of the unexpired portion of the term.  (d) Determine the qualifications, powers and duties or terms of office of members of the executive board.  3. The executive board shall adopt budgets as provided in NRS 116B.600.  (Added to NRS by 2007, 2213; A 2015, 1223)
NV Rev Stat § 116B.435 (2021)
2021 Nevada Revised Statutes|Chapter 116B - Condominium Hotel Act|NRS 116B.435 - Accounting for fines in books and records of association; prohibition against applying payment for assessment, fee or other charge toward payment of fine; exceptions.

If an association has imposed a fine against a residential unit owner or a tenant or guest of a residential unit owner pursuant to NRS 116B.430 for violations of the governing documents of the association, the association:  1. Shall, in the books and records of the association, account for the fine separately from any assessment, fee or other charge; and  2. Shall not apply, in whole or in part, any payment made by the residential unit owner for any assessment, fee or other charge toward the payment of the outstanding balance of the fine or any costs of collecting the fine, unless the residential unit owner provides written authorization which directs the association to apply the payment made by the unit’s owner in such a manner.  (Added to NRS by 2007, 2216)
NV Rev Stat § 116B.440 (2021)
2021 Nevada Revised Statutes|Chapter 116B - Condominium Hotel Act|NRS 116B.440 - Period of declarant’s control of association; representation of units’ owners on executive board.

  1. Except as otherwise provided in this section, the declaration may provide for a period of declarant’s control of the association, during which a declarant, or persons designated by a declarant, may appoint and remove the officers of the association and members of the executive board. A declarant may voluntarily surrender the right to appoint and remove officers and members of the executive board before termination of that period and, in that event, the declarant may require, for the duration of the period of declarant’s control, that specified actions of the association or executive board, as described in a recorded instrument executed by the declarant, be approved by the declarant before they become effective. Regardless of the period provided in the declaration, a period of declarant’s control terminates not later than the earliest of:  (a) Sixty days after conveyance of 75 percent of the residential units that may be created to residential unit owners other than a declarant;  (b) Five years after all declarants have ceased to offer residential units for sale in the ordinary course of business;  (c) Five years after any right to add new residential units was last exercised; or  (d) The day any declarant, after giving notice to units’ owners, records an instrument voluntarily surrendering all rights to control activities of the association.  2. Not later than 60 days after conveyance of 25 percent of the residential units that may be created to units’ owners other than a declarant, at least one member and not less than 25 percent of the members of the executive board must be elected by residential unit owners other than the declarant. Not later than 60 days after conveyance of 50 percent of the residential units that may be created to residential unit owners other than a declarant, not less than one-third of the members of the executive board must be elected by residential unit owners other than the declarant.  (Added to NRS by 2007, 2216; A 2015, 1226)
NV Rev Stat § 116B.460 (2021)
2021 Nevada Revised Statutes|Chapter 116B - Condominium Hotel Act|NRS 116B.460 - Delivery to association of additional common elements constructed by declarant or successor declarant.

  1. If a condominium hotel is developed in separate phases and any declarant or successor declarant is constructing any common elements that will be added to the association’s common elements after the date on which the units’ owners other than the declarant may elect a majority of the members of the executive board, the declarant or its successors or assigns who is constructing such additional common elements is responsible for:  (a) Paying all expenses related to the additional common elements which are incurred before the conveyance of the additional common elements to the association; and  (b) Except as otherwise provided in NRS 116B.455, delivering to the association that declarant’s share of the amount specified in the study of the reserves completed pursuant to subsection 2.  2. Before conveying the additional common elements to the association, the declarant or successor declarant who constructed the additional common elements shall deliver to the association a study of the reserves for the additional common elements which satisfies the requirements of NRS 116B.605.  3. As used in this section, "successor declarant" includes, without limitation, any successor declarant who does not control the association established by the initial declarant.  (Added to NRS by 2007, 2220)
NV Rev Stat § 116B.465 (2021)
2021 Nevada Revised Statutes|Chapter 116B - Condominium Hotel Act|NRS 116B.465 - Delivery to association of converted shared component reserve deficit.

  1. At the time of each close of escrow of a unit in a converted building, the declarant shall deliver to the hotel unit owner the amount of the converted shared component reserve deficit allocated to that unit.  2. The allocation to a unit of the amount of any converted shared component reserve deficit must be made in the same manner as liability for shared expenses is allocated to that unit.  3. As used in this section, "converted shared component reserve deficit" means the amount necessary to replace the major components of the shared components needing replacement within 10 years after the date of the first sale of a unit.  (Added to NRS by 2007, 2221)
NV Rev Stat § 116B.470 (2021)
2021 Nevada Revised Statutes|Chapter 116B - Condominium Hotel Act|NRS 116B.470 - Delivery to association of converted common element reserve deficit.

  1. At the time of each close of escrow of a unit in a converted building, the declarant shall deliver to the association the amount of the converted common element reserve deficit allocated to that unit.  2. The allocation to a unit of the amount of any converted common element reserve deficit must be made in the same manner as assessments are allocated to that unit.  3. As used in this section, "converted common element reserve deficit" means the amount necessary to replace the major components of the common elements needing replacement within 10 years after the date of the first sale of a unit.  (Added to NRS by 2007, 2221)
NV Rev Stat § 116B.475 (2021)
2021 Nevada Revised Statutes|Chapter 116B - Condominium Hotel Act|NRS 116B.475 - Transfer of special declarant’s right.

  1. A special declarant’s right created or reserved under this chapter may be transferred only by an instrument evidencing the transfer recorded in every county in which any portion of the condominium hotel is located. The instrument is not effective unless executed by the transferee.  2. Upon transfer of any special declarant’s right, the liability of a transferor declarant is as follows:  (a) A transferor is not relieved of any obligation or liability arising before the transfer and remains liable for warranties imposed upon the transferor by this chapter. Lack of privity does not deprive any unit’s owner of standing to maintain an action to enforce any obligation of the transferor.  (b) If a successor to any special declarant’s right is an affiliate of a declarant, the transferor is jointly and severally liable with the successor for any obligations or liabilities of the successor relating to the condominium hotel.  (c) If a transferor retains any special declarant’s rights, but transfers other special declarant’s rights to a successor who is not an affiliate of the declarant, the transferor is liable for any obligations or liabilities imposed on a declarant by this chapter or by the declaration relating to the retained special declarant’s rights and arising after the transfer.  (d) A transferor has no liability for any act or omission or any breach of a contractual obligation or warranty arising from the exercise of a special declarant’s right by a successor declarant who is not an affiliate of the transferor.  3. Unless otherwise provided in a mortgage, deed of trust or other agreement creating a security interest, in case of foreclosure of a security interest, sale by a trustee under an agreement creating a security interest, tax sale, judicial sale or sale under the Bankruptcy Code or a receivership, of any units owned by a declarant or real estate in a condominium hotel subject to developmental rights, a person acquiring title to all the property being foreclosed or sold, but only upon the person’s request, succeeds to all special declarant’s rights related to that property held by that declarant, or only to any rights reserved in the declaration pursuant to this chapter and held by that declarant to maintain models, offices for sales and signs. The judgment or instrument conveying title must provide for transfer of only the special declarant’s rights requested.  4. Upon foreclosure of a security interest, sale by a trustee under an agreement creating a security interest, tax sale, judicial sale or sale under the Bankruptcy Code or a receivership of all interests in a condominium hotel owned by a declarant:  (a) The declarant ceases to have any special declarant’s rights; and  (b) The period of declarant’s control terminates unless the judgment or instrument conveying title provides for transfer of all special declarant’s rights held by that declarant to a successor declarant.  (Added to NRS by 2007, 2221)
NV Rev Stat § 116B.480 (2021)
2021 Nevada Revised Statutes|Chapter 116B - Condominium Hotel Act|NRS 116B.480 - Liabilities and obligations of person who succeeds to special declarant’s rights.

The liabilities and obligations of a person who succeeds to special declarant’s rights are as follows:  1. A successor to any special declarant’s right who is an affiliate of a declarant is subject to all obligations and liabilities imposed on the transferor by this chapter or by the declaration.  2. A successor to any special declarant’s right, other than a successor described in subsection 3 or 4 or a successor who is an affiliate of a declarant, is subject to the obligations and liabilities imposed by this chapter or the declaration:  (a) On a declarant which relate to the successor’s exercise or nonexercise of special declarant’s rights; or  (b) On his or her transferor, other than:  (1) Misrepresentations by any previous declarant;  (2) Warranties on improvements made by any previous declarant, or made before the condominium hotel was created;  (3) Breach of any fiduciary obligation by any previous declarant or his or her appointees to the executive board; or  (4) Any liability or obligation imposed on the transferor as a result of the transferor’s acts or omissions after the transfer.  3. A successor to only a right reserved in the declaration to maintain models, offices for sales and signs, may not exercise any other special declarant’s right, and is not subject to any liability or obligation as a declarant, except the obligation to provide a public offering statement and any liability arising as a result thereof.  4. A successor to all special declarant’s rights held by a transferor who succeeded to those rights pursuant to a deed or other instrument of conveyance in lieu of foreclosure or a judgment or instrument under subsection 3 of NRS 116B.475 may declare in a recorded instrument the intention to hold those rights solely for transfer to another person. Thereafter, until transferring all special declarant’s rights to any person acquiring title to any unit or real estate subject to developmental rights owned by the successor, or until recording an instrument permitting exercise of all those rights, that successor may not exercise any of those rights other than any right held by his or her transferor to control the executive board in accordance with NRS 116B.440 for the duration of any period of declarant’s control, and any attempted exercise of those rights is void. So long as a successor declarant may not exercise special declarant’s rights under this subsection, the successor declarant is not subject to any liability or obligation as a declarant other than liability for his or her acts and omissions under NRS 116B.440.  (Added to NRS by 2007, 2222)
NV Rev Stat § 116B.485 (2021)
2021 Nevada Revised Statutes|Chapter 116B - Condominium Hotel Act|NRS 116B.485 - Successor not subject to certain claims against or other obligations of transferor of special declarant’s right.

NRS 116B.475 and 116B.480 do not subject any successor to a special declarant’s right to any claims against or other obligations of a transferor declarant, other than claims and obligations arising under this chapter or the declaration.  (Added to NRS by 2007, 2223)
NV Rev Stat § 116B.490 (2021)
2021 Nevada Revised Statutes|Chapter 116B - Condominium Hotel Act|NRS 116B.490 - Bylaws.

  1. The bylaws of the association must:  (a) Provide the number of members of the executive board and the titles of the officers of the association;  (b) Provide for election by the executive board of a president, treasurer, secretary and any other officers of the association the bylaws specify;  (c) Specify the qualifications, powers and duties, terms of office and manner of electing and removing officers of the association and members of the executive board and filling vacancies;  (d) Specify the powers the executive board or the officers of the association may delegate to other persons, including a community manager;  (e) Specify the officers who may prepare, execute, certify and record amendments to the declaration on behalf of the association;  (f) Provide procedural rules for conducting meetings of the association;  (g) Specify a method for the units’ owners to amend the bylaws;  (h) Provide procedural rules for conducting elections;  (i) Contain any provision necessary to satisfy the requirements of this chapter or the declaration concerning meetings, voting, quorums and other activities of the association; and  (j) Provide for any matter required by the laws of this State, other than this chapter, to appear in the bylaws of organizations of the same type as the association.  2. Except as otherwise provided in this chapter or the declaration, the bylaws may provide for any other necessary or appropriate matters, including, without limitation, matters that could be adopted as rules.  3. The bylaws must be written in plain English.  4. The bylaws must not attempt to exercise any control over the shared components or the hotel unit.  (Added to NRS by 2007, 2223; A 2015, 1228)
NV Rev Stat § 116B.495 (2021)
2021 Nevada Revised Statutes|Chapter 116B - Condominium Hotel Act|NRS 116B.495 - Rules of association.

The rules adopted by an association, if any:  1. Must be reasonably related to the duties of the association.  2. Must be sufficiently explicit in their prohibition, direction or limitation to inform a person of any action or omission required for compliance.  3. Must not be adopted to evade any obligation of the association.  4. Must be consistent with the governing documents of the association and must not arbitrarily restrict conduct or require the construction of any capital improvement by a unit’s owner that is not required by the governing documents of the association.  5. Must be uniformly enforced under the same or similar circumstances against all units’ owners. Any rule that is not so uniformly enforced may not be enforced against any unit’s owner.  6. May be enforced by the association through the imposition of a fine only if the association complies with the requirements set forth in NRS 116B.430 for levying fines.  7. Must not attempt to exercise any control over the shared components or the hotel unit.  (Added to NRS by 2007, 2223)
NV Rev Stat § 116B.500 (2021)
2021 Nevada Revised Statutes|Chapter 116B - Condominium Hotel Act|NRS 116B.500 - Rules of hotel unit owner.

  1. The rules and regulations established by a hotel unit owner, if any:  (a) Must be reasonably related to the duties of the hotel unit owner.  (b) Must be sufficiently explicit in their prohibition, direction or limitation to inform a person of any action or omission required for compliance.  (c) Must not be adopted to evade any obligation of the hotel unit owner.  (d) Must be consistent with the governing documents of the association and must not arbitrarily restrict conduct or require the construction of any capital improvement by a unit’s owner that is not required by the governing documents of the association.  (e) Must be uniformly enforced under the same or similar circumstances against all units’ owners. Any rule that is not so uniformly enforced may not be enforced against any unit’s owner.  2. If the hotel unit owner adopts a policy to prohibit use of the shared components by residential unit owners for violation of reasonable rules and regulations as may be established by the hotel unit owner, the hotel unit owner or his or her designated agent shall prepare and cause to be hand-delivered or sent prepaid by United States mail to the mailing address of each unit or to any other mailing address designated in writing by the unit’s owner a copy of such policy and the rules and regulations.  (Added to NRS by 2007, 2205)
NV Rev Stat § 116B.505 (2021)
2021 Nevada Revised Statutes|Chapter 116B - Condominium Hotel Act|NRS 116B.505 - Limitation on power of hotel unit owner to impose sanctions for violations of rules; exception; procedural requirements.

  1. A hotel unit owner may not prohibit use of the shared components pursuant to paragraph (d) of subsection 4 of NRS 116B.340 unless:  (a) Not less than 30 days before the violation, the residential unit owner against whom the prohibition will be imposed has been provided with written notice of the applicable provisions of the rules and regulations established by the hotel unit owner that form the basis of the violation; and  (b) Within 10 days after the hotel unit owner’s discovery of the violation, the residential unit owner against whom the prohibition will be imposed has been provided with:  (1) Written notice specifying the details of the violation; and  (2) A reasonable opportunity to contest the violation.  2. Within 10 days after receiving the written notice specifying the details of the violation, the residential unit owner may:  (a) Provide to the hotel unit owner any written information or any explanation relating to the violation; or  (b) Request a meeting with the hotel unit owner to present the information or explanation relating to the violation.  3. A meeting requested by a residential unit owner pursuant to subsection 2 must be held as soon as practicable, but not later than 30 days after the date on which the request for a meeting is received by the hotel unit owner. The meeting may be held in person, by telephone or by videoconferencing.  4. The provisions of this section establish the minimum procedural requirements that the hotel unit owner must follow before the hotel unit owner may prohibit use of the shared components by a residential unit owner. The provisions of this section do not preempt any provisions of the rules and regulations established by the hotel unit owner that provide greater procedural protections.  (Added to NRS by 2007, 2205; A 2015, 1228)