NRS 116 (Common-Interest Ownership)

NRS 116 governs common-interest communities such as condominiums and homeowners’ associations in Nevada. It outlines owners’ rights and responsibilities, the management of shared areas, and how community rules and budgets are established. The law also details processes for decision-making, owner meetings, and dispute resolution. Essentially, NRS 116 provides a legal framework ensuring that community property is maintained fairly, owners are informed, and conflicts are handled transparently, promoting orderly living and protecting individual property rights within shared neighborhoods.