Nevada HOA laws
What Nevada asks of your association
Nevada common-interest communities fall under NRS Chapter 116, a comprehensive act covering meetings, records, budgets and reserves, and the association's assessment lien.
Meetings
Open board meetings
Nev. Rev. Stat. §116.31083Conduct executive board meetings openly to owners (with limited exceptions), with the required notice and agenda.
Records
Records availability
Nev. Rev. Stat. §116.31175Maintain the association's books and records and make them available to owners to inspect and copy.
Financial
Annual budget & reserves
Nev. Rev. Stat. §116.31151Distribute operating and reserve budgets (or summaries) to owners each year, with the fee and collection policy.
Audit or review of financials
Nev. Rev. Stat. §116.31144Have financial statements audited or reviewed per the statute's revenue thresholds.
Assessments & reserve funding
Nev. Rev. Stat. §116.3115Levy assessments for common expenses and fund adequate reserves for major repairs and replacements.
Source: Nevada Legislature (leg.state.nv.us). Citations link to the official statute - always confirm against the current text.
This is general information to help boards get oriented, not legal advice. HOA statutes change and courts interpret them differently case to case. Confirm specifics with your association's attorney before acting.
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