Nevada § 116B.610 - Study of reserves for shared components and hotel unit; duties of hotel unit owner regarding study; person who conducts study required to be registered; contents of study
Full text of Nevada Nevada Revised Statutes § 116B.610 — Study of reserves for shared components and hotel unit; duties of hotel unit owner regarding study; person who conducts study required to be registered; contents of study, with citation guidance and answers to common questions.
§ 116B.610. Study of reserves for shared components and hotel unit; duties of hotel unit owner regarding study; person who conducts study required to be registered; contents of study
1. The hotel unit owner shall: (a) At least once every 5 years, cause to be conducted a study of the reserves required
to repair, replace and restore the major components of the shared components and the
major components of the hotel unit; (b) At least annually, review the results of that study to determine whether those
reserves are sufficient; and (c) At least annually, make any adjustments to the charges deemed necessary to provide
adequate funding for the required reserves. 2. The study of the reserves required by subsection 1 must be conducted by a person
who is registered with the Division pursuant to chapter 116A of NRS . 3. The study of the reserves must include, without limitation: (a) A summary of an inspection of the major components of the shared components and
the major components of the hotel unit; (b) An identification of the major components of the shared components and the major
components of the hotel unit that have a remaining useful life of less than 30 years; (c) An estimate of the remaining useful life of each major component of the shared
components and each major component of the hotel unit identified pursuant to paragraph
(b); (d) An estimate of the cost of repair, replacement or restoration of each major component
of the shared components and each major component of the hotel unit identified pursuant
to paragraph (b) during and at the end of its useful life; and (e) An estimate of the total annual charge that may be necessary to cover the cost
of repairing, replacement or restoration of the major components of the shared components
and the major components of the hotel unit identified pursuant to paragraph (b), after
subtracting the reserves for shared components and the hotel unit as of the date of
the study, and an estimate of the funding plan that may be necessary to provide adequate
funding for the required reserves.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 116B.610
What does Nevada Revised Statutes § 116B.610 cover?
Section 116B.610 ("Study of reserves for shared components and hotel unit; duties of hotel unit owner regarding study; person who conducts study required to be registered; contents of study") 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.610?
A common citation format is "Nevada Revised Statutes § 116B.610" (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.610 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.