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  • Nv Before You Purchase Property In A Common-interest Community Did You Know 2017

Get Nv Before You Purchase Property In A Common-interest Community Did You Know 2017-2025

When you enter into a purchase agreement to buy a home or unit in a common- interest community, in most cases you should receive either a public offering .

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Common-interest communities, also known as common-interest developments or CIDs, include condominiums, coops, retirement communities, vacation timeshares, and other housing developments comprised of individually owned units, in addition to shared facilities and common areas.

This is why the Nevada Revised Statutes on real estate requires sellers to provide buyers with a disclosure explaining any and all conditions that come with purchasing property in a common-interest community. This disclosure is known as a Nevada common-interest communities disclosure.

CIC Transfer Fee/Setup Fee. The CIC transfer and setup fee is another negotiable fee that the buyer often pays. This fee is the homeowners association's cost to establish a new account for the buyer. You can expect to pay $250 to $350 for the transfer and setup fee.

The Nevada Uniform Common-Interest Ownership Act (UCIOA) is a state law that provides the legal framework for the management, operation, and ownership of condominiums, planned communities, and other common-interest communities.

ULC's work facilitates economic development and provides a legal platform for foreign entities to deal with U.S. citizens and businesses.

A common interest property, or “community interest” property, is real estate where the owner, by virtue of his ownership of a partial interest or unit, must pay for the maintenance, improvement, insurance of common areas described in a declaration and administered by an association.

A common-interest community is one in which the people own a dwelling unit, and by virtue of that ownership, are responsible for paying a portion of the real estate taxes, insurance and other costs associated with the property.

NRS 116.021 “Common-interest community” defined.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232