Matthew Hoyt of CommCap Advisors has been named a recipient of the National NAIOP 2019 Developing Leaders Award, honoring rising industry professionals throughout the nation. The selection was competitive. NAIOP selected five young professionals nationally to receive this prestigious award.
First, you should verify who provided you with the information as to the expenses that are included in the association dues.
WestCorp Management Group, in its ongoing partnership with Nevada West Development, has opened Revolution, a 340-unit luxury apartment community in West Henderson at 12215 Gilespie St. This is WestCorp’s third community to open in Southern Nevada with Vivint Smart Home technology in every unit. Empire and Trend! opened earlier this year and are also managed by WestCorp Management Group.
Association boards have a fiduciary obligation to its members. The division could investigate your board as to its actions per Nevada Revised Statutes 116.3103 (1), exercising the ordinary and responsible care of the association subject to the business judgment rule.
Before you contact the Ombudsman’ Office, you can request from your management company a copy of the general record concerning each violation of the governing documents (other than delinquency) for which your association has either imposed a fine, construction penalty or any other sanction per Nevada Revised Statute 116.31175 (5).
Per Nevada Revised Statutes 116.31086, an association would not be required to obtain three bids if the cost of the project or service was less than 3 percent of the association’s annual budget for communities under 1,000 homes or less than 1 percent of the annual budget for communities more than 1,000 units.
NRS 116 is a state law. It is not just a Las Vegas law. There are certain exceptions in the law that differentiates the kinds of associations and their locations.
The Greater Las Vegas Association of Realtors (GLVAR) announced the results of its annual election of officers and board members, with local Realtors Tom Blanchard serving as its 2020 president and Aldo Martinez serving as 2020 president-elect.
Most CCRs list the powers and authority of the board of directors, one of which is to sign contracts on behalf of the association. Although you did not send me a copy of the covenants, it would be most unusual if the association board did not have the right to sign a contract with a towing company. The covenants would not list what contracts can or cannot be signed. The ability to tow a vehicle in 2018 was most likely legal.
For sellers wanting to close before the holiday festivities begin, below are five tips from real estate company, Opendoor, to help sell homes faster.