Form 603 - Instructions For Registration Of An Association Or Condominium Hotel Page 3

ADVERTISEMENT

STATE OF NEVADA
DEPARTMENT OF BUSINESS AND INDUSTRY - REAL ESTATE DIVISION
OFFICE OF THE OMBUDSMAN FOR COMMON-INTEREST COMMUNITIES AND CONDOMINIUM HOTELS
1179 Fairview Drive, Suite E * Carson City, NV 89701-5453 * (775) 687-4280
2501 East Sahara Avenue, Suite 202 * Las Vegas, NV 89104-4137
(702) 486-4480 * Toll free: (877) 829-9907 * Fax: (702) 486-4520
E-mail:
CICOmbudsman@red.state.nv.us
INSTRUCTIONS FOR INITIAL ASSOCIATION REGISTRATION FORM
NOTE: The registration form must be completed and submitted to the Ombudsman with payment of the unit fees. The
Ombudsman will provide a receipt, if appropriate, and certificate for the association’s filing with the Nevada Secretary of
State (SOS).
General Information
Select the type of business entity that the association will be organized as: profit or nonprofit corporation, trust or partnership as
prescribed in NRS 116.3101(3) (a) or NRS 116B.415 (3) (a).
General information required by NRS 116.625(4) (e) or NRS 116B.815 (5). Include the association’s legal name, subdivision
name as provided by county assessor’s office, complete physical address or cross streets if no physical address, billing/contact
address, telephone number for the association and county in which the association is physically located. Pursuant to
NRS 116.3101(3)(c), associations formed as of October 1, 2003 must contain in its name the words “common-interest
community,” “community association,” “master association,” “homeowners’ association,” or “unit-owners’ association.”
Pursuant to NRS 116B.415 (3) (c), a condominium hotel association must contain in its name the words “community
association,” “homeowners’ association,” or “unit-owners’ association.”
There are four types of Common-Interest Communities:
Condominium, defined in NRS 116.027, is a common-interest community in which portions of the real estate are designed
for separate ownership and the remainder of the real estate is designated for common ownership solely by the owners of
those portions. A CIC is not a condominium unless the undivided interests in the common elements are vested in the unit’s
owners.
Cooperative, defined in NRS 116.031, is a CIC in which the real estate is owned by an association, each of whose members
is entitled by virtue of his ownership in the association to exclusive possession of a unit.
Planned Community, defined in NRS 116.075, is a CIC that is not a condominium or a cooperative. However, a
condominium or a cooperative may be part of a planned community.
Condominium Hotel, defined in NRS 116B.060, is a CIC with real estate designated for separate ownership and a hotel
unit.
Special Instructions for master associations and sub-associations: If a Master Association is indicated, the master association
must submit a roster that identifies all sub-associations and any neighborhood or other units directly under the master association,
that are not included as either a sub association or neighborhood as of the filing date of this form, which contains the following
information: sub-association or neighborhood’s name, SOS File No. (if different from master), and number of units.
For a sub-association, name of the master association.
Units
Date the first residential unit in the common-interest community was conveyed/closed (ownership transferred from declarant to
unit owner).
Indicate the current number of units (defined in NRS 116.093 and NRS 116B.235), as well as the number of units the declarant
reserves the right to convey/close in the CIC.
Board/Management/Declarant
Within 90 days of election or appointment, each association board member must complete Form 602. The Administrator of the
Nevada Real Estate Division requires a copy of the form to be submitted to the Ombudsman.
As applicable, include business and contact name, mailing address, telephone number, and e-mail address for the following:
Executive Board – Pursuant to NRS 116.31034 and NRS 116B.445, list all officers and directors. Include personal contact
information for each board member. The management company’s or declarant’s information cannot be substituted for the board
member’s personal information required. Use additional sheet is necessary.
Community Manager – Defined in NRS 116.023 and NRS 116B.050. It includes the management company or the on-site manager.
Custodian of Records – Identify physical location of CIC records and person responsible for them, per NRS 116.31175 and
NRS 116B.375.
Hotel Unit Owner – Defined in NRS 116B.125, this only applies to condominium hotels. It includes the owner of the hotel unit
and shared components and may also be declarant, any successor or any designee of the declarant, or an affiliate of the declarant.
Attorney – Only provide information if the association has an attorney of record.
Declarant – Defined in NRS 116.037 and NRS 116B.075, or a successive declarant.
The person completing the form must print name and title, sign and date. If community manager,
must provide license number.
Revised 11/1/09
Page 3 of 3
Form 603

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Legal
Go
Page of 3