2011 Nevada Revised Statutes
Chapter 119A - Time Shares
NRS 119A.524 - Reserved rights of developer.
A developer s reserved rights may include, without limitation, the right to:
1. Add units or real estate to, and withdraw units or real estate from, a time-share plan.
2. Create units, a common area or a limited common area within the project.
3. Subdivide units or convert units into a common area.
4. Make and complete improvements to the project.
5. Maintain sales offices, management offices and signs for advertising the time-share plan, project and models.
6. Enter into a subsidy agreement with the association in lieu of paying the assessments allocated to the time shares owned by the developer.
7. Provide for the establishment of a master association, as defined in NRS 116.063.
8. Merge or consolidate a time-share plan with another time-share plan which has the same form of ownership.
9. Relocate boundaries between adjoining units in accordance with the provisions of this chapter.
(Added to NRS by 2001, 2497)
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