Nevada § 117.050 - Partition of project

§ 117.050. Partition of project

1. Where several persons own condominiums in a condominium project, an action may

be brought pursuant to NRS 39.010 to 39.490 , inclusive, by one or more of such persons for partition thereof by sale of the entire

project, as if the owners of all the condominiums in such project were tenants in

common in the entire project in the same proportion as their interests in the common

areas, but a partition shall be made only upon the showing that: (a) Three years after damage or destruction to the project which renders a material

part thereof unfit for its use prior thereto, the project has not been rebuilt or

repaired substantially to its state prior to its damage or destruction; or (b) Three-fourths or more of the project has been destroyed or substantially damaged,

and that condominium owners holding in aggregate more than 50 percent interest in

the common areas are opposed to repair or restoration of the project; or (c) The project has been in existence in excess of 50 years, that it is obsolete and

uneconomic, and that condominium owners holding in aggregate more than 50 percent

interest in the common areas are opposed to repair or restoration of the project;

or (d) Conditions for such a partition by sale set forth in restrictions entered into

with respect to such project have been met. 2. Except as provided in subsection 1, the common areas shall remain undivided, and

there shall be no judicial partition thereof. Nothing herein shall be deemed to prevent partition of a cotenancy in a condominium.