445D.050 - “Common-interest community” defined. - Nevada Statutes

445D.050  “Common-interest community” defined.  “Common-interest community” means a condominium, cooperative or other real property with respect to which a person, by virtue of the person’s ownership of a parcel of real property, is obligated to pay property taxes or insurance premiums, or for maintenance or improvement of other real property described in a recorded covenant that creates the common-interest community.

      (Added to NRS by 2005, 1362)