Form 609 - Reserve Study Summary Form

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STATE OF NEVADA
DEPARTMENT OF BUSINESS AND INDUSTRY - REAL ESTATE DIVISION
OFFICE OF THE OMBUDSMAN FOR COMMON-INTEREST COMMUNITIES AND CONDOMINIUM HOTELS
2501 East Sahara Avenue, Suite 201 * Las Vegas, NV 89104-4137
(702) 486-4480 * Toll free: (877) 829-9907 * Fax: (702) 486-4520
E-mail:
CICOmbudsman@red.nv.gov
RESERVE STUDY SUMMARY FORM (NRS 116.31152)
All information must be provided
As of October 1, 2000, each association was required to have a reserve study prepared.
The Executive Board, at least once every 5 years, shall cause to be conducted a reserve study with a site inspection of the
reserves required to repair, replace or restore the major components of the common elements and any other portion of the
common- interest community that the association is obligated to maintain, repair, replace or restore. A summary of the
reserve study must be submitted to the Nevada Real Estate Division no later than 45 days after the date the Executive Board
adopts the results of each study.
Limited or no site inspection: Does not meet 5 year requirement per NRS 116.31152
DO NOT SUBMIT A FORM
PLEASE CONFIRM THE FOLLOWING:
 Full Study: Physical inspection of common elements with representative sampling; or
 An update with a physical inspection in accordance with NAC 116.425 (0) (2)
___/___/___
Association’s Nevada Secretary of State (SOS) File number:
SOS Original Filing Date (M/ /
):
_______________
(For SOS filing information, log onto )
Association’s legal name
: ___________________________________________________________________
(Articles of Incorporation)
If association belongs to a master planned community, please provide master’s name: ______________________________________
Current billing information:
Mailing/billing address: ________________________________________________________________________________________
City: ___________________ State: ______ Zip: _____________ County the association is located in: _________________________
Management company name: (if applicable):_______________________________________________________________________
Address of Management Company:  same as above _______________________________________________________________
City: ___________________ State: ______ Zip: _____________ Name of Community Manager: _____________________________
Email address for Community Manager: _____________________________________ Custodian of Records: ___________________
DESCRIPTION OF ASSOCIATION PROPERTY
Is the association a (check one)?
If a planned community, indicate type(s) of units:
□ Condominium
□ Cooperative
□ Single Family Dwelling
□ Condominium
□ Condominium Hotel
□ Planned Community
□ Duplex □ Townhouse □ Manufactured Housing
Number of units conveyed/closed to date: _______________Total number of units planned to be in the community: ___________
Approximate age of development: _______________
RESERVE STUDY INFORMATION
___/___/___
Date of previous reserve study: (M/D/YR):
Date of most current reserve study: (M/D/YR):___/___/___
Adoption date of most recent reserve study: (M/D/YR ___/___/___
Name of reserve specialist who conducted study: ________________________________________ Registration #: _____________
If the reserve study was not prepared by a reserve specialist, indicate:
1) Name of the Executive Board member responsible for
2) Name of the individual responsible for conducting the
conducting the reserve study: __________________________
reserve study: ______________________________________
Title at the date study was conducted: __________________
If the common-interest community contains 20 or fewer units AND is
located in a county whose population is 50,000 or less, the study of
A member of an executive board who is acting solely within the scope
the reserves required by NRS 116.31152 may be conducted by any
of his or her duties as a member of the executive board or an officer
person whom the executive board deems qualified to conduct the
of the association may conduct a reserve study pursuant to
study (NRS 116.31152(2).
NRS 116.420(6).
For office use only
Date Received: ______________________________________
Date Processed: ________________________
Processed By: _______________
Revised 01/20/16
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Form 609

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