Nevada § 119A.480 - Requirements if developer holds leasehold interest
Full text of Nevada Nevada Revised Statutes § 119A.480 — Requirements if developer holds leasehold interest, with citation guidance and answers to common questions.
§ 119A.480. Requirements if developer holds leasehold interest
1. If the interest of the developer is a leasehold interest, the lease, unless otherwise
determined by the Administrator, must provide that: (a) The lessee must give notice of termination of the lease for any default by the
lessor to the association. (b) The lessor, upon any default of the lessee including bankruptcy of the lessee,
shall enter into a new lease with the association upon the same terms and conditions
as the lease with the developer. 2. The Administrator may require the developer to execute a bond or other type of
security for the payment of the rental obligation.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 119A.480
What does Nevada Revised Statutes § 119A.480 cover?
Section 119A.480 ("Requirements if developer holds leasehold interest") 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 § 119A.480?
A common citation format is "Nevada Revised Statutes § 119A.480" (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 § 119A.480 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.