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Real Estate News

Nevada Realtors statement on eviction moratorium extension

This week, Nevada Realtors issued a statement from NVR President Chris Bishop about Nevada Gov. Steve Sisolak’s Aug. 31 announcement that extended the state’s moratorium on evictions for another 45 days beyond the original Sept. 1 expiration date:

How to know if real estate is right for you

Should I go into real estate? Real estate is a unique opportunity. Let’s go back 10 years, when we had the downturn. What was selling? Even with thousands and thousands of foreclosures. People still bought homes and the industry kept going.

Move 4 Less assists HELP of Southern Nevada clients

Seven former homeless adults are sleeping in their own beds in their own apartments. They are clients of HELP of Southern Nevada, who have entered the nonprofit organization’s Hospital to Home housing program. To make their transition from homelessness a reality, Move 4 Less assisted HELP of Southern Nevada by moving new mattresses and frames into the seven client apartments.

New bill limiting COVID-19 liability covers HOAs

During the 32nd Special Legislative Session, the Nevada Legislature passed and the governor signed Senate Bill 4, which limits liability for COVID-19 related claims for most businesses and nonprofits. Initially, the bill did not cover common-interest communities, but thanks to the work of industry groups such as Community Association Institute of Nevada’s Legislative Action Committee (CAI LAC) and the Nevada Association of Community Managers (NACM), SB 4 was amended to include our industry.

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CALV to host virtual Commercial Education Day

HOA should rethink removing its community gate

To remove the automatic gate would require the vote of the board of directors. As much as the gate system can be costly to maintain, you need to ask the question why was the automatic gate system installed in the first place. To remove the gate now could cause a backlash from homeowners who wanted the gate installed for security reasons.

NDL Group gets a 2020 NAIOP Spotlight Award

NDL Group Inc. received the Southern Nevada’s 2020 Spotlight Award honor award for the Industrial Tenant Improvement of the Year category featuring its WIN Distribution project at the recent 23rd Annual NAIOP Spotlight Awards virtual ceremony.

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State laws regulate posting of political signs in communities

Under Nevada Revised Statute 116.325, your association does not have the right to prohibit the displaying of political signs as long as the resident is abiding by this restrictions under this statute. The political sign cannot be placed in the common area but must be displayed where the resident has the right to occupy and use exclusively. The sign is not to be any larger than 24-inches-by-36 inches. If the home is occupied by a tenant, the owner of the home cannot place a sign on his property unless the tenant consents to the sign in writing. You may have as many political signs as desired but may not have more than one political sign for each candidate, political party or ballot question. All political signs are subject to any applicable provisions of law governing the posting of political signs, i.e. county regulations.

Local NAIOP presents findings from land analysis

NAIOP Southern Nevada, the Commercial Real Estate Development Association representing commercial real estate developers, owners and related professionals in office, industrial, retail and mixed-use real estate, recently released the findings from the Southern Nevada Industrial Land analysis.

HOAs can fine homeowners but can’t force them to follow rules

Unfortunately, associations have limited sanctions. Fining a homeowner does not necessarily mean that the homeowner will comply. Many associations have a policy when a homeowner accumulates a certain amount of fines, they are sent to collections for a lien to be placed on their home. Since March, associations have been placed on a holding pattern as to fining homeowners and or sending them to collections to have a lien placed on the homes for non-payment of fines.

Local home prices in record territory despite pandemic

A report released Thursday by Las Vegas Realtors shows local home prices setting another all-time record despite the coronavirus pandemic and economic downturn, with more homes selling in July than the same time last year.

New HOA president acting like ‘Lone Ranger’

Working as the Lone Ranger could result in an unexpected complaint from the Nevada Real Estate Division or a possible lawsuit from a homeowner’s attorney.

HOA board helps residents during COVID-19 crisis

A number of years ago, I asked one of the hosts of a local TV show’s “HOA Wall of Shame” why the program does not feature, on a monthly basis, an association that is “doing it right.” Her response was that we expect associations to do it right. Unfortunately, the continuing negativity on this show presents a picture of association management that so often is not a realistic one. As we all know, there are two sides to any story. At times, because of the privacy issues in Nevada Revised Statute 116, an association cannot fully present its side on a television broadcast.

HOA needs help dealing with problem tenant

The association cannot evict the tenant. A formal complaint with the attorney general is warranted especially if he threaten to shoot one of your board members. With the numerous notices of non-compliance and with the recent threat, you should contact your association’s legal counsel to send a letter informing the homeowner that he needs to evict the tenant. The attorney also can add a health, safety or welfare letter pertaining to the threat as it is a violation under NRS 116.31184.

HOAs need a good reason to tow residents’ vehicles

The last governor’s directive that I have receive stated that residential communities could tow vehicles under Nevada Revised Statutes 706.4477 only if the vehicle is blocking a fire hydrant, a fire lane, a handicap designated parking space (if driver did not have proper handicap tag displayed in the vehicle), posing an imminent threat of causing a substantial adverse effect on the health, safety or welfare of the resident and if the vehicle is clearly marked for a specific resident or the use of a specific unit in the community in accordance with NRS 706.4477 (2b)(4).

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