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Vegas United Inv. Series 105 V. Celtic Bank, 135 Nev. Adv. Op. 61 (December 19, 2019), Jordan Gregory Cloward
Vegas United Inv. Series 105 V. Celtic Bank, 135 Nev. Adv. Op. 61 (December 19, 2019), Jordan Gregory Cloward
Nevada Supreme Court Summaries
Nevada Revised Statutes (NRS) Chapter 116 codifies the Uniform Common-Interest Ownership Act and outlines statutory regulations governing common-interest communities in Nevada. NRS Chapter 116 applies generally to all residential property owners’ associations (POAs) but does not automatically apply to nonresidential POAs. Nonresidential POAs may voluntarily elect to incorporate NRS Chapter 116 either in whole or in part. NRS Chapter 116 applies only to nonresidential POAs only to the extent expressly provided for by the incorporated statutory provisions.
Vegas United Investment Series 105, Inc. purchased a nonresidential property at a foreclosure sale pursuant to NRS § 116.3116. The conditions, covenants, and …