NAC319.680. “Residential use” defined.

Latest version.

“Residential use” means use of each unit in a project as the principal residence of the occupant and not as a recreational home or property for investment in a trade or business. Portions of any project designed or used for any purpose other than as a principal residence must not exceed 15 percent of the usable area of the project.

[Housing Division, Loans for Multifamily Homes Reg. § 3 subsec. g, eff. 12-5-78; A and renumbered as § 2 subsec. 6, 7-23-80]—(NAC A 4-13-88)

                    
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