Nevada Administrative Code (Last Updated: January 6, 2015)

NAC119A.315. Easements; improvements; assessment for improvement; taxes.

Latest version.

     1. An advertisement which states the size of a unit, a time share or an interest being offered must also disclose any easement to which any unit is subject and the nature of the easement. If an easement has a significant effect on the use of a unit, a time share or an interest, each map, plat or other representation of the unit, time share or interest must show the extent to which the use is affected by the easement.

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

     3. An advertisement which refers to any promised improvement for which the prospective purchaser will be assessed must clearly and fully disclose the assessment.

     4. An advertisement which contains a statement regarding taxes and their amount must state the latest available information.

(Added to NAC by Real Estate Div., eff. 12-3-84)

                    
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