Nevada Reservations of Other Interests
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How to fill out Reservations Of Other Interests?
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FAQ
Common-interest communities are also known as common-interest developments or CIDs. CIDs are comprised of individually owned units with an undivided interest in common areas. A subdivision developer creates a CID by recording a subdivision plat and a set of legal governing documents.
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.
In Nevada, condominiums, condominium-hotels and timeshares are known as common-interest communities.
Common Ownership Types of ?common interest community? include condominiums, planned communities and homeowners' associations and timeshares. Common interest properties are gaining in popularity as more people live in condos or use timeshares for vacations.
NRS 116.021 ?Common-interest community? defined.
Common interest communities (CICs), also known as community associations, are hyperlocal, quasi-governmental organizations that bind a group of homeowners (members) to a set of shared requirements facilitated by specific state statutes and outlined in governing documents (Declaration / CC&Rs, Bylaws, Rules and ...
Chapter 78 Private Corporations. NRS 78.315 Directors' meetings: Quorum; consent for actions taken without meeting; participation by telephone or similar method. NRS 78.315 Directors' meetings: Quorum; consent for actions taken without meeting; participation by telephone or similar method.
Nevada is one of only five states in the country with no usury law, usury being defined as the practice of charging interest on borrowed money at an unconscionable or exorbitant rate. Some states classify usury as a crime and prescribe prison for violations of their usury laws.
