Nevada § 116.3105 - Termination of contracts and leases of declarant
Full text of Nevada Nevada Revised Statutes § 116.3105 — Termination of contracts and leases of declarant, with citation guidance and answers to common questions.
§ 116.3105. Termination of contracts and leases of declarant
1. Within 2 years after the executive board elected by the units' owners pursuant
to NRS 116.31034 takes office, the association may terminate without penalty, upon not less than 90
days' notice to the other party, any of the following if it was entered into before
that executive board was elected: (a) Any management, maintenance, operations or employment contract, or lease of recreational
or parking areas or facilities; or (b) Any other contract or lease between the association and a declarant or an affiliate
of a declarant. 2. The association may terminate without penalty, at any time after the executive
board elected by the units' owners pursuant to NRS 116.31034 takes office upon not less than 90 days' notice to the other party, any contract
or lease that is not in good faith or was unconscionable to the units' owners at the
time entered into. 3. This section does not apply to: (a) Any lease the termination of which would terminate the common-interest community
or reduce its size, unless the real estate subject to that lease was included in the
common-interest community for the purpose of avoiding the right of the association
to terminate a lease under this section; or (b) A proprietary lease.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 116.3105
What does Nevada Revised Statutes § 116.3105 cover?
Section 116.3105 ("Termination of contracts and leases of declarant") 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 § 116.3105?
A common citation format is "Nevada Revised Statutes § 116.3105" (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 § 116.3105 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.