Nevada § 116B.560 - Conveyance or encumbrance of common elements
Full text of Nevada Nevada Revised Statutes § 116B.560 — Conveyance or encumbrance of common elements, with citation guidance and answers to common questions.
§ 116B.560. Conveyance or encumbrance of common elements
1. Portions of the common elements of a condominium hotel may be conveyed or subjected
to a security interest by the association if persons entitled to cast at least a majority
of the votes in the association or any larger percentage otherwise specified in the
declaration agree to such action. All owners of units to which any limited common element is allocated must agree
in order to convey that limited common element or subject it to a security interest. Proceeds of the sale are an asset of the association. 2. An agreement to convey or subject common elements in a condominium hotel to a security
interest must be evidenced by the execution of an agreement, or ratifications thereof,
in the same manner as a deed, by the requisite number of units' owners. The agreement must specify a date after which the agreement will be void unless
recorded before that date. The agreement and all ratifications thereof must be recorded in every county in
which a portion of the condominium hotel is situated, and is effective only upon recordation. 3. The association, on behalf of the units' owners, may contract to convey an interest
in the common elements pursuant to subsection 1, but the contract is not enforceable
against the association until approved pursuant to subsections 1 and 2. Upon approval, the association has all powers necessary and appropriate to effect
the conveyance or encumbrance, including the power to execute deeds or other instruments. 4. Unless made pursuant to this section, any purported conveyance, encumbrance, judicial
sale or other voluntary transfer of common elements is void. 5. A conveyance or encumbrance of common elements pursuant to this section does not
deprive any unit of its rights of access and support. 6. Unless the declaration otherwise provides, a conveyance or encumbrance of common
elements pursuant to this section does not affect the priority or validity of preexisting
encumbrances.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 116B.560
What does Nevada Revised Statutes § 116B.560 cover?
Section 116B.560 ("Conveyance or encumbrance of common elements") 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.560?
A common citation format is "Nevada Revised Statutes § 116B.560" (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.560 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.