645C.055 - “Complex property” defined. - Nevada Statutes

645C.055  “Complex property” defined.  “Complex property” means residential property which:

      1.  Is atypical for the marketplace in which it is located based on, without limitation, such factors as:

      (a) The architectural style of the property;

      (b) Special improvements made to the property;

      (c) The size of the lot;

      (d) The use of the property;

      (e) Environmental factors related to the property;

      (f) Ownership of a partial interest in the property; and

      2.  Requires techniques to be used other than a simple comparison of sales or an analysis of cost or income in order to produce a reliable appraisal of that property.

      (Added to NRS by 1997, 299)