Nev. Rev. Stat. § 116.021

“Common-interest community” defined

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NRS 116.021 “Common-interest community” defined.

1. “Common-interest community” means real estate described in a declaration with respect to which a person, by virtue of the person’s ownership of a unit, is obligated to pay for a share of real estate taxes, insurance premiums, maintenance or improvement of, or services or other expenses related to, common elements, other units or other real estate described in that declaration.

2. The term does not include an agreement described in NRS 116.1209.

3. For purposes of this section, “ownership of a unit” does not include holding a leasehold interest of less than 20 years in a unit, including options to renew.

(Added to NRS by 1991, 536; A 2009, 1608)—(Substituted in revision for NRS 116.110323)

Notes of Decisions

Cited in 5 cases, 2009–2020 · leading case: D.R. Horton, Inc. v. Eighth Judicial District Court

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D.R. Horton, Inc. v. Eighth Judicial District Court (2009) nev · cites it 3× “021 as “real estate with respect to which a person, by virtue of his ownership of a unit, is obligated to pay for real estate other than that unit.”

Boulder Oaks Community Ass'n v. B & J Andrews Enterprises, LLC (2009) nev “2 See NRS 116.021 (defining a common-interest community as “real estate with respect to which a person, by virtue of his ownership of a unit, is obligated to pay for real estate other than that unit”).”

ARTEMIS EXPL. CO. VS. RUBY LAKE ESTATES HOA (2019) nev · cites it 20× “NRS Chapter 116 defines what constitutes a "common-interest community," see NRS 116.021, and also authorizes the creation of a "unit-owners association" to govern the common-interest community, see NRS 116.”

Lytle v. Boulden (2018) nev “3101; NRS 116.021. Finally, NRS 116.3117(1)(a) further undermines the Lytles' position that homeowners' associations have an ownership interest in individual units, as it distinguishes between the property owned by the association and the individual units in the common-interest…”

Artemis Expl. Co. Vs. Ruby Lake Estates Hoa (2020) nev “" Moreover, in an earlier appeal stemming from the same underlying litigation, we concluded that Ruby is a validly constituted common-interest community within the meaning of NRS 116.021 and was authorized to assess Artemis.”

— Nev. Rev. Stat. § 116.021(1) — 1 case

ARTEMIS EXPL. CO. VS. RUBY LAKE ESTATES HOA (2019) nev “NRS Chapter 116 defines what constitutes a "common-interest community," see NRS 116.021, and also authorizes the creation of a "unit-owners association" to govern the common-interest community, see NRS 116.”

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