NRS 116.009: “Allocated interests” defined.
Where this section sits in the code
- TITLE 10 — PROPERTY RIGHTS AND TRANSACTIONS
- CHAPTER 116 - COMMON-INTEREST OWNERSHIP (UNIFORM ACT)
- GENERAL PROVISIONS
- Definitions and Other General Provisions
“Allocated interests” means the following interests allocated to each unit:
1. In a condominium, the undivided interest in the common elements, the liability for common expenses, and votes in the association;
2. In a cooperative, the liability for common expenses, the ownership interest and votes in the association; and
3. In a planned community, the liability for common expenses and votes in the association.
Collected 2026-09-03T05:51:32Z. Source file · JSON