Nevada § 116B.460 - Delivery to association of additional common elements constructed by declarant or successor declarant
Full text of Nevada Nevada Revised Statutes § 116B.460 — Delivery to association of additional common elements constructed by declarant or successor declarant, with citation guidance and answers to common questions.
§ 116B.460. Delivery to association of additional common elements constructed by declarant or successor declarant
1. If a condominium hotel is developed in separate phases and any declarant or successor
declarant is constructing any common elements that will be added to the association's
common elements after the date on which the units' owners other than the declarant
may elect a majority of the members of the executive board, the declarant or its successors
or assigns who is constructing such additional common elements is responsible for: (a) Paying all expenses related to the additional common elements which are incurred
before the conveyance of the additional common elements to the association; and (b) Except as otherwise provided in NRS 116B.455 , delivering to the association that declarant's share of the amount specified in
the study of the reserves completed pursuant to subsection 2. 2. Before conveying the additional common elements to the association, the declarant
or successor declarant who constructed the additional common elements shall deliver
to the association a study of the reserves for the additional common elements which
satisfies the requirements of NRS 116B.605 . 3. As used in this section, “ successor declarant ” includes, without limitation, any successor declarant who does not control the association
established by the initial declarant.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 116B.460
What does Nevada Revised Statutes § 116B.460 cover?
Section 116B.460 ("Delivery to association of additional common elements constructed by declarant or successor 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 § 116B.460?
A common citation format is "Nevada Revised Statutes § 116B.460" (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 § 116B.460 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.