117.020 - Applicability; recordation, amendment and revocation of plan of project. - Nevada Statutes

117.020  Applicability; recordation, amendment and revocation of plan of project.

      1.  The provisions of this chapter apply to property divided into condominiums only if there was recorded before January 1, 1992, in the county in which the property lies a plan consisting of:

      (a) A description or survey map of the surface of the land included within the project;

      (b) Diagrammatic floor plans of the building or buildings built or to be built thereon in sufficient detail to identify each unit, its relative location and approximate dimensions; and

      (c) A certificate consenting to the recordation of the plan pursuant to this chapter signed and acknowledged by the record owner of the property and by all record holders of security interests therein.

      2.  The plan may be amended or revoked by a subsequently acknowledged recorded instrument executed by the record owner of the property and by all record holders of security interests therein. Until recordation of a revocation, the provisions of this chapter continue to apply to the property.

      3.  The term “record owner” as used in this section includes all of the record owners of the property at the time of recordation, but does not include holders of security interests, mineral interests, easements or rights-of-way.

      (Added to NRS by 1963, 126; A 1991, 580)