2015 Nevada Revised Statutes
Chapter 116B - Condominium Hotel Act
NRS 116B.240 - “Unit’s owner” defined.
“Unit’s owner” means a declarant or other person who owns a unit, or a lessee of a unit in a leasehold condominium hotel whose lease expires simultaneously with any lease, the expiration or termination of which will remove the unit from the condominium hotel, but does not include a person having an interest in a unit solely as security for an obligation. In a condominium hotel, the declarant is the owner of any unit created by the declaration until that unit is conveyed to another person.
(Added to NRS by 2007, 2199)
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