Opinion ID: 2639631
Heading Depth: 1
Heading Rank: 4

Heading: Development of the community

Text: The resort was developed by BCRV, Ltd. Upon completion of the development, BCRV drafted and recorded the resort's CC & Rs, which fully incorporated NRS Chapter 116. In 1995, the Association, a nonprofit corporation and lot owners' association, was formed. At the time the resort was developed, Boulder City prohibited recreational vehicle lot owners from occupying their lots for more than 180 days per year, and in 1996, BCRV amended the CC & Rs to add section 5.04, which governs the rental of lots. [3] Section 5.04 states that the Developer has a 99-year exclusive right to rent a lot when it is not being used by the owner or his approved guest. Section 5.04 further gives the developer the right to retain 40 percent of the rent collected, while the remaining 60 percent belongs to the lot owner.