Nevada § 116.340 - Transient commercial use of units within certain planned communities

§ 116.340. Transient commercial use of units within certain planned communities

1. Except as otherwise provided in subsection 2, a person who owns, or directly or

indirectly has an interest in, one or more units within a planned community that are

restricted to residential use by the declaration may use that unit or one of those

units for a transient commercial use only if: (a) The governing documents of the association and any master association do not prohibit

such use; (b) The executive board of the association and any master association approve the

transient commercial use of the unit, except that such approval is not required if

the planned community and one or more hotels are subject to the governing documents

of a master association and those governing documents do not prohibit such use; and (c) The unit is properly zoned for the transient commercial use and any license required

by the local government for the transient commercial use is obtained. 2. A declarant who owns, or directly or indirectly has an interest in, one or more

units within a planned community under the governing documents of the association

that are restricted to residential use by the declaration may use that unit or those

units for a transient commercial use during the period that the declarant is offering

units for sale within the planned community if such use complies with the requirements

set forth in paragraphs (a) and (c) of subsection 1. 3. The association and any master association may establish requirements for the transient

commercial use of a unit pursuant to the provisions of this section, including, without

limitation, the payment of additional fees that are related to any increase in services

or other costs associated with the transient commercial use of the unit. 4. As used in this section: (a) “ Remuneration ” means any compensation, money, rent or other valuable consideration given in return

for the occupancy, possession or use of a unit. (b) “ Transient commercial use ” means the use of a unit, for remuneration, as a hostel, hotel, inn, motel, resort,

vacation rental or other form of transient lodging if the term of the occupancy, possession

or use of the unit is for less than 30 consecutive calendar days.