Nevada HOA & Condominium Law
21 active Nevada statutes govern homeowners associations and condominiums in the state. The corpus encodes 58 specific requirements across governance, finance, reserves, disclosure, and enforcement. 3 changes recorded in the last twelve months.
Resale Certificate Compliance
9 disclosures required
NV
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Declaration, bylaws, rules and regulations of the association, and the information statement required by NRS 116.41095 NRS 116.4109(1)(a)
A copy of the declaration, other than any plats, the bylaws, the rules or regulations of the association and the information statement required by NRS 116.41095. NRS 116.4109(1)(a) · verified May 2026
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Statement of the monthly assessment for common expenses and any unpaid obligations due from the selling unit’s owner NRS 116.4109(1)(b)
A statement from the association setting forth the amount of the monthly assessment for common expenses and any unpaid obligation of any kind, including, without limitation, management fees, transfer fees, fines, penalties, interest, collection costs, foreclosure fees and attorney’s fees currently due from the selling unit’s owner. NRS 116.4109(1)(b) · verified May 2026
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Any unpaid obligation of any kind, including special assessments, fines, penalties, interest, and collection costs NRS 116.4109(1)(b)
A statement from the association setting forth the amount of the monthly assessment for common expenses and any unpaid obligation of any kind, including, without limitation, management fees, transfer fees, fines, penalties, interest, collection costs, foreclosure fees and attorney’s fees currently due from the selling unit’s owner. NRS 116.4109(1)(b) · verified May 2026
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Current operating budget of the association NRS 116.4109(1)(c)
A copy of the current operating budget of the association and current year-to-date financial statement for the association, which must include a summary of the reserves of the association required by NRS 116.31152 and which must include, without limitation, a summary of the information described in paragraphs (a) to (e), inclusive, of subsection 3 of NRS 116.31152. NRS 116.4109(1)(c) · verified May 2026
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Current year-to-date financial statement for the association NRS 116.4109(1)(c)
A copy of the current operating budget of the association and current year-to-date financial statement for the association, which must include a summary of the reserves of the association required by NRS 116.31152 and which must include, without limitation, a summary of the information described in paragraphs (a) to (e), inclusive, of subsection 3 of NRS 116.31152. NRS 116.4109(1)(c) · verified May 2026
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Summary of the reserves of the association required by NRS 116.31152, including the reserve-study summary at NRS 116.31152(3)(a)–(e) NRS 116.4109(1)(c)
A copy of the current operating budget of the association and current year-to-date financial statement for the association, which must include a summary of the reserves of the association required by NRS 116.31152 and which must include, without limitation, a summary of the information described in paragraphs (a) to (e), inclusive, of subsection 3 of NRS 116.31152. NRS 116.4109(1)(c) · verified May 2026
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Unsatisfied judgments and pending legal actions against the association of which the unit’s owner has actual knowledge NRS 116.4109(1)(d)
A statement of any unsatisfied judgments or pending legal actions against the association and the status of any pending legal actions relating to the common-interest community of which the unit’s owner has actual knowledge. NRS 116.4109(1)(d) · verified May 2026
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Transfer fees, transaction fees, and any other fees associated with the resale of a unit NRS 116.4109(1)(e)
A statement of any transfer fees, transaction fees or any other fees associated with the resale of a unit. NRS 116.4109(1)(e) · verified May 2026
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Current and expected fees or charges for the unit (association fees, fines, late charges, interest on delinquencies, collection costs) NRS 116.4109(1)(f)
In addition to any other document, a statement describing all current and expected fees or charges for each unit, including, without limitation, association fees, fines, assessments, late charges or penalties, interest rates on delinquent assessments, additional costs for collecting past due fines and charges for opening or closing any file for each unit. NRS 116.4109(1)(f) · verified May 2026
- Short title — Uniform Common-Interest Ownership Act. NRS 116.001
- Executive board acts on behalf of the association; officers and members are fiduciaries; business-judgment rule applies. NRS 116.3103 (1)
- Construction penalties: executive board may impose for failure to adhere to design, construction, occupancy, or permit schedules. NRS 116.310305 (1)
- Construction penalty is enforceable if the right is set forth in governing documents and the unit owner receives notice and a hearing right. NRS 116.310305 (2)
- Executive board must have at least three members, all unit owners, elected after termination of declarant control. NRS 116.31034 (1)
- Candidates ineligible if family/cohabitant relationship to another board member, conflicting financial interest, or community-manager relationship. NRS 116.31034 (10)
- Within 90 days of election or appointment, a board member must certify in writing that they have read and understand the governing documents and NRS chapter 116. NRS 116.31034 (19)
- Board term may not exceed 3 years. NRS 116.31034 (2)
- Governing documents must provide for staggered terms — to the extent possible, equal numbers of board seats elected at each election. NRS 116.31034 (3)
- Each candidate must disclose financial, business, professional, or personal relationships that could pose a conflict of interest, and must disclose whether they are a member in good standing. NRS 116.31034 (9)
- Annual meeting of unit owners required. NRS 116.3108 (1)
- Special meetings may be called by the president, a board majority, or unit owners constituting at least 10 percent of votes; lower thresholds permitted by bylaws. NRS 116.3108 (2)
- Notice of any meeting must be given not less than 15 days or more than 60 days in advance and include the agenda. NRS 116.3108 (3)
- Agenda must include a complete statement of scheduled topics, the list of items on which action may be taken, and an open comment period. NRS 116.3108 (4)
- Minutes of each meeting must be made available to unit owners not more than 30 days after the meeting. NRS 116.3108 (5)
- Unit owners may make audio recordings of meetings after providing notice. NRS 116.3108 (9)
- Unit owners may attend and speak at any meeting of the unit owners or executive board, subject to reasonable time limits set by the board. NRS 116.31085 (1)
- Executive board may not meet in executive session to consider association project bids or contract actions. NRS 116.31085 (2)
- Executive sessions limited to: attorney consultation, personnel matters, governing-document violations, and construction-penalty schedule failures. NRS 116.31085 (3)
- Owner accused of a violation is entitled to attend the hearing, present evidence, have counsel, and receive written notice of the decision. NRS 116.31085 (4)
- Every foreclosure sale vests title in the purchaser subject to the redemption right; a security interest is not extinguished if the holder satisfies the super-priority amount within 5 days before sale. NRS 116.31166 (1)
- Person conducting the sale must issue a certificate of sale containing a description, bid price, total price, and statement that the unit is subject to redemption, and record it with the county recorder. NRS 116.31166 (2)
- Unit may be redeemed within 60 days of sale by the former owner, their successor in interest, or any subordinate-lien holder by paying the purchase price plus 1 percent per month interest, assessments paid by the purchaser, prior liens, and reasonable maintenance/repair costs. NRS 116.31166 (3)
- Annual review tier: budgets $45K–$74,999 — financial statement reviewed by an independent CPA in the year preceding the next reserve study. NRS 116.31144 (1)(a)
- Annual review tier: budgets $75K–$149,999 — financial statement reviewed by an independent CPA every fiscal year. NRS 116.31144 (1)(b)
- Annual AUDIT tier: budgets $150K or more — financial statement audited by an independent CPA every fiscal year. NRS 116.31144 (1)(c)
- Owner-petition audit: 15 percent of voting members may submit a written request within the last 180 days of the fiscal year to require an audit. NRS 116.31144 (2)
- Assessments must be made at least annually based on a budget adopted at least annually per NRS 116.31151; budget must cover daily operations and reserves. NRS 116.3115 (1)
- Association must establish adequate reserves for repair, replacement, and restoration of major components of the common elements; reserves may not be used for daily maintenance. NRS 116.3115 (2)
- Past-due assessments (60+ days) bear interest at the Nevada prime rate plus 2 percent, adjusted semi-annually. NRS 116.3115 (3)
- Association must give written notice to each unit owner at least 21 calendar days before a meeting at which an assessment for a capital improvement is to be considered or acted upon. NRS 116.3115 (9)
- Executive board must distribute operating and reserve budgets (or summaries) to each unit owner not less than 30 days or more than 60 days before the beginning of the fiscal year. NRS 116.31151 (1)
- Board must set a ratification meeting not less than 14 days or more than 30 days after mailing budget summaries, within 60 days after adoption. NRS 116.31151 (3)
- Proposed budget is ratified automatically unless a majority of all unit owners reject it at the ratification meeting — quorum not required. NRS 116.31151 (3)
- Board must distribute the policy for collection of fees, fines, assessments, or costs alongside the budget. NRS 116.31151 (4)
- Executive board must cause a reserve study at least every 5 years, review results annually, and adjust the funding plan annually. NRS 116.31152 (1)
- Reserve study must be conducted by a person who holds a permit issued pursuant to chapter 116A (small communities under 20 units in small counties exempt). NRS 116.31152 (2)
- Reserve study must include component inspection, identification of components with remaining useful life under 30 years, useful-life estimates, cost estimates, and funding-plan estimates. NRS 116.31152 (3)
- Summary of the reserve study must be submitted to the Division not later than 45 days after the executive board adopts the study results. NRS 116.31152 (4)
- Resale package contents — monthly assessment and unpaid obligations. NRS 116.4109 (1)(b)
- Resale package contents — operating budget, financial statement, and reserve summary. NRS 116.4109 (1)(c)
- Statutory fee cap on the resale certificate: $185 base, $100 expedited (CPI-adjustable, capped at 3 percent annual increase). NRS 116.4109 (4)(b)
- Association has a lien on a unit for assessments, construction penalties, and fines from the time they become due. NRS 116.3116 (1)
- Association lien is prior to other liens except pre-declaration liens, first security interest (subject to the super-priority carve-out at subsection 3), real-estate-tax liens, and NRS 444.520 fee liens. NRS 116.3116 (2)
- 9-month super-priority: association lien beats the first security interest up to 9 months of common-expense assessments plus enforcement costs (or the period set by Fannie/Freddie regulations, minimum 6 months). NRS 116.3116 (3)
- Resale package contents — governing documents. NRS 116.4109 (1)(a)
- Resale package contents — unsatisfied judgments and pending legal actions. NRS 116.4109 (1)(d)
- Resale package contents — transfer and transaction fees. NRS 116.4109 (1)(e)
- Resale package contents — current and expected fees or charges for the unit. NRS 116.4109 (1)(f)
- Buyer’s 5-day right to cancel the contract of purchase. NRS 116.4109 (2)
- Association’s 10-calendar-day deadline to furnish documents and certificate. NRS 116.4109 (3)
- Resale package remains effective for 90 calendar days. NRS 116.4109 (5)
- Default quorum is 20 percent of votes — present in person, by proxy, or by absentee ballot (unless governing documents specify otherwise). NRS 116.3109 (1)
- Executive board must make books, records, and other papers — including financial statements, budgets, reserve studies, and contracts/litigation records — available for review at the association's business office or a designated location within 60 miles of the community. NRS 116.31175 (1)
- Executive board must provide a copy of any financial statement, budget, or reserve study to a unit owner or the Ombudsman within 21 days; copy fee capped at 25 cents per page for first 10 pages and 10 cents thereafter when electronic format is unavailable. NRS 116.31175 (2)
- If the executive board fails to provide a copy within 21 days, it must pay a penalty of $25 for each day of delay. NRS 116.31175 (3)
- Books, records, and other papers must be maintained for at least 10 years (excluding minutes, which are governed by NRS 116.3108 and 116.31083). NRS 116.31175 (7)
- Review fee for books, records, contracts, or other papers capped at $25 per hour. NRS 116.31175 (8)
Download the Nevada HOA & Condo Compliance Checklist
One PDF — every active Nevada statute we track, statutory fee caps and time limits, recent legal changes from the last 12 months, and the resale-certificate disclosure profile. Built from CommunityPay's living legal corpus, the same data that drives our resale certificates, reserve reports, and CARI scoring.
- Statutory fee caps and time limits (resale, late fees, lien priority)
- Recent law changes with effective dates
- Resale & estoppel disclosure profile, item by item
Request a Nevada resale certificate
Nevada law requires 9 statutory disclosures on every resale. Buyers, agents, and title officers can request a certificate here — we contact the board to deliver it.
Request Nevada resale certificate