NAC119.420. Easements; improvements; promised improvements and assessments; taxes.

     1. Advertising which states the size of a parcel or parcels offered must also disclose any easement to which any parcel is subject and the nature of the easement. If an easement has a significant effect on the use of a parcel, each map, plat or other representation of the parcel must show the extent to which the use of the advertised parcel is affected by the easement.

     2. No improvement, facility or utility service may be advertised unless it has been completed or installed and is available for use, or completion and availability for use is assured through adequate financial arrangements approved by the Division, including a contractual obligation of the developer to the purchaser.

     3. Advertising which refers to promised improvements for which the prospective purchaser will be assessed must clearly and fully disclose the assessments.

     4. Advertising which contains statements regarding taxes and their amount must state the latest available information.

     [Dep’t of Commerce, Real Estate Div., § 45, eff. 7-16-80]