Nev. Rev. Stat. § 271.257

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 271.257 - Circumstances under which majority of property owners may act on behalf of all property owners

Except as otherwise provided by law or an agreement between the respective parties, and regardless of the date on which an interest in property was acquired, if a property owner:

1. Owns property that is:

(a) Subject to a covenant, condition or restriction recorded against the property before July 1, 2017; and

(b) Not subject to the provisions of chapter 116 of NRS; and

2. Owns additional property jointly with one or more other such property owners or owns a fractional interest in additional property as a tenant in common along with one or more other such property owners,

any property owners representing at least a majority of the ownership of such additional property may act on behalf of all the property owners who own such additional property.

NRS 271.257

Added to NRS by 2017, 4038

Added by 2017, Ch. 563,§2, eff. 7/1/2017.