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Homes Columns

HOA did not provide proper notice when changing rule

The notice of the board meeting under NRS 116.31083, subsection 5, states that it must include the time and place of the meeting and include a copy of the agenda or the date on which the agenda and the location of copies of the agenda may be conveniently obtained by the owners. The agenda must comply with subsection 4 of NRS 116.3108, which states the agenda must consist of a clear and complete statement of the topics to be considered, including a list describing the items on which action may be taken. In an emergency, action may be taken where an item was not listed on the original agenda.

Condo owners responsible for roach, mold problems

Many apartment associations have excellent covenants within their lease agreements pertaining to the tenant’s responsibilities pertaining to roaches and mold. You may want to contact the Nevada Apartment Association to assist you In obtaining these forms. These roaches and mold addendums could be sent to your homeowners, who lease their homes that would not only afford some protection to their units but also to the remaining units within each building.

Las Vegas HOAs do have value for homeowners

With all due respect, associations do have value. Starting with the fundamental value, associations provide housing. For many associations, their amenities, such as basketball courts, tennis courts, volley ball courts, exercise facilities, swimming pools and spas, recreational rooms for association and private events, (which may have a rental charge) billiards, etc are included in their regular assessments, saving hundreds of dollars as homeowners can skip joining athletic clubs.

Estate sales are different than garage sales

An estate sale or estate liquidation is a sale or auction to dispose of substantial portion of the materials owned by a person who is recently deceased or who must dispose of his or her personal property to facilitate a move. These sales are used when someone is in need of a way to sell items due to downsizing, moving, divorce, bankruptcy or death. Often the estate sale is required due to a court decision.

HOAs may be able to resolve neighbor disputes

I wanted to take some time this week to talk about how to handle neighbor disputes in our communities. Our homeowners associations can no longer ignore these situations. When neighbors are having a dispute with each other, often times community managers will direct them to settle it among themselves or involve a mediator if necessary. However, in some cases, the association may be able to take action.

THE LATEST
A reserve study is a requirement for Nevada HOAs

Nevada Revised Statutes 116.3115 (2b) states that associations shall establish adequate reserves to be funded on a reasonable basis. This section of the law also states that associations may establish a funding plan that is designated to allocate the costs for the repair, replacement and restorations of the major components of the common elements over a period of years. The funding plan must be financially sound and must ensure that sufficient money is available when the repairs, replacements and restorations are necessary.