Nevada § 116.1209 - Other exempt real estate arrangements; other exempt covenants
Full text of Nevada Nevada Revised Statutes § 116.1209 — Other exempt real estate arrangements; other exempt covenants, with citation guidance and answers to common questions.
§ 116.1209. Other exempt real estate arrangements; other exempt covenants
1. An agreement between the associations for two or more common-interest communities
to share the costs of real estate taxes, insurance premiums, services, maintenance
or improvements of real estate or other activities specified in the agreement or declarations
does not create a separate common-interest community. If the declarants of the common-interest communities are affiliates, the agreement
may not unreasonably allocate the costs among those common-interest communities. 2. An agreement between an association and the owner of real estate that is not part
of a common-interest community to share the costs of real estate taxes, insurance
premiums, services, maintenance or improvements of real estate, or other activities
specified in the agreement, does not create a separate common-interest community. However, the assessments against the units in the common-interest community required
by the agreement must be included in the periodic budget for the common-interest community,
and the agreement must be disclosed in all public offering statements and resale certificates
required by this chapter. 3. An agreement between the owners of separately owned parcels of real estate to share
costs or other obligations associated with a party wall, road, driveway or well or
other similar use does not create a common-interest community unless the owners otherwise
agree. 4. As used in this section, “ party wall ” means any wall or fence constructed along the common boundary line between parcels. The term does not include any shared building structure systems, including, without
limitation, foundations, walls and roof structures.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 116.1209
What does Nevada Revised Statutes § 116.1209 cover?
Section 116.1209 ("Other exempt real estate arrangements; other exempt covenants") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 116.1209?
A common citation format is "Nevada Revised Statutes § 116.1209" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 116.1209 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.