Property Ownership
What are the CCIOA (Common Interest Community) disclosure requirements in Nevada?
ANevada has no disclosure requirements for HOA communities
BUnder NRS 116.4109, sellers of common-interest community properties must provide buyers with specific HOA documents (CC&Rs, budget, financials, rules, resale certificate) before closing✓ Correct
CHOA disclosures are only required for new construction in Nevada
DBuyers must request all HOA documents; sellers have no proactive duty
Explanation
Nevada's Uniform Common Interest Ownership Act (NRS Chapter 116) requires sellers to provide the HOA's governing documents, financial statements, operating budget, reserve fund status, pending special assessments, and other disclosures before a resale closes. Buyers have a right to rescind within a specified period.
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