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Plain-language answers to Nevada legal questions, cited to official sources.
Nevada Revised Statutes, Chapter 116 — COMMON-INTEREST OWNERSHIP (UNIFORM ACT)
This is a reproduction of the official statute text for reference, retrieved from the Nevada Legislature on . Always verify against the official source.
“Purchaser” means a person, other than a declarant or a dealer, who by means of a voluntary transfer acquires a legal or equitable interest in a unit other than:
1. A leasehold interest, including options to renew, of less than 20 years; or
2. As security for an obligation.
(Added to NRS by 1991, 538; A 2011, 2416)—(Substituted in revision for NRS 116.110375)
