2015 Nevada Revised Statutes
Chapter 116B - Condominium Hotel Act
NRS 116B.085 - “Developmental rights” defined.
“Developmental rights” means any right or combination of rights reserved by a declarant in the declaration to:
1. Add real estate to a condominium hotel;
2. Create units, common elements, limited common elements, shared components or a hotel unit within a condominium hotel;
3. Subdivide units or convert units into common elements, shared components or part of a hotel unit;
4. Subdivide or convert common elements into shared components or part of a hotel unit; or
5. Withdraw real estate from a condominium hotel.
(Added to NRS by 2007, 2195)
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