2020 Nevada Revised Statutes
Chapter 116B - Condominium Hotel Act
NRS 116B.345 - Limited common elements.
1. The declaration may allocate limited common elements to any unit or units within the condominium hotel. The declaration must specify to which unit or units each limited common element is allocated. An allocation may not be altered without the consent of the units’ owners to which the limited common elements are allocated.
2. Except as the declaration otherwise provides, a limited common element may be reallocated by an amendment to the declaration executed by the units’ owners between or among whose units the reallocation is made. The persons executing the amendment shall provide a copy thereof to the association, which shall record it. The amendment must be recorded in the names of the parties and the condominium hotel.
3. A common element not previously allocated as a limited common element may be so allocated only by amendments to the declaration.
(Added to NRS by 2007, 2206)
