This By-Laws document contains the following information: the name and location of the corporation, the shareholders, and the duties of the officers.
Property Owners Association Bylaws For Nonprofit In Nevada
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FAQ
Yes, homeowners associations in Nevada can be dissolved. The procedure for dissolving the association may be outlined in the HOA's governing documents, or the board of directors has to approve a motion that will be presented to the members of the organization for a vote.
The HOA is not allowed to trespass unto private property unless (a) the HOA has an easement to that property, (b) the HOA has been allowed by the owner to do this, or (c) the covenants associated with deed allow this, but this would normally be in the form of an easement anyhow.
Federal and state laws regulate HOAs in Nevada, but it is the Nevada Real Estate Department that is ultimately responsible for maintaining the proper functioning of HOAs and their communities.
In 2014, the Nevada Supreme Court held that a homeowner association holds a senior statutory right to foreclose for unpaid dues, wiping out a lender's deed of trust securing its debt. If the lender held a “first” deed of trust, the name became a misnomer.
There is no specific cap on the percentage by which HOA fees can increase annually in Nevada; however, increases should be reasonable, and advance notice must be provided to homeowners as specified in the governing documents or state law.
List of an HOA's Official Documents All documents provided by the developer, such as community maps, plats, plans, land surveys, permits. Recorded Declaration of Covenants, Conditions and Restrictions (CC&Rs), Articles of Incorporation, Bylaws and any amendments. Rules and Regulations.
Nevada legislation dictates that you should have received a copy of your CC&Rs when you bought your home. (If it was a resale, you should have received them as part of your closing package.) If you don't have a copy of the document, reach out to your board or community management company.
Any number of offices may be held by the same person unless the articles or bylaws provide otherwise, except that no person serving as the secretary, the treasurer, or the chief financial officer may serve concurrently as the president or chair of the board.