Land Use & Zoning
In Nevada, what is a 'development agreement' between a local government and a developer?
AA standard subdivision plat approval required by NRS 278
BA contractual agreement vesting the developer's rights to develop under current zoning for a specified period in exchange for public benefits✓ Correct
CA federal BLM permit required for development on public lands
DA Nevada Real Estate Commission form for new construction listings
Explanation
A development agreement is a contract between a local government and a property developer that vests the developer's right to develop under the existing regulations for an agreed period (typically 5–20 years), protecting against regulatory changes. In exchange, the developer typically provides public benefits (road improvements, parks, affordable housing). Clark County and Las Vegas use development agreements extensively for large master-planned communities. These agreements must comply with NRS 278.0201 and are approved by the governing body at a public hearing.
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