Escrow & Title
What is a deed restriction for CC&Rs in a Nevada planned community and how long does it last?
ACC&R restrictions expire after 25 years in Nevada
BCC&R deed restrictions typically run with the land indefinitely until formally amended or terminated by the HOA or property owners following NRS Chapter 116 procedures✓ Correct
CCC&Rs automatically expire when 75% of homes are sold
DCC&Rs last only as long as the original developer is active
Explanation
CC&Rs in Nevada planned communities typically run with the land indefinitely. They can be amended or terminated by a specified vote of homeowners as provided in the governing documents and NRS Chapter 116.
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EscrowA neutral third-party arrangement where funds, documents, and instructions are held until all conditions of a real estate transaction are satisfied.
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
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