Nevada HOA and Condo Resale Package (Resale Certificate): Fees, Deadlines, and How to Order

This certificate and the accompanying documents are furnished by the association under NRS 116.4109. The association must furnish them within 10 calendar days after it receives a written request from the unit's owner or the owner's authorized agent, for inclusion in the resale package the owner must give the purchaser, together with the information statement required by NRS 116.41095. The fee for preparing this certificate must be based on the association's actual cost and may not exceed the statutory maximum of $185, and if the unit's owner or the owner's authorized agent requests that the certificate be furnished sooner than 3 business days after the date of the request, the association may charge an additional fee of not more than $100 to expedite preparation of the certificate. Each of those maximum amounts may increase once a year by the increase in the Consumer Price Index, but by not more than 3 percent a year. The documents are furnished in electronic format. If the association cannot furnish them electronically, it may charge 25 cents per page for the first 10 pages and 10 cents per page after that. No other fee may be charged for preparing, copying, furnishing, or expediting these documents (NRS 116.4109(4) and (8)). Neither the purchaser nor the purchaser's interest in the unit is liable for any unpaid assessment or fee greater than the amount set forth in these documents and this certificate, and if the association fails to furnish them within the 10 calendar days allowed, the purchaser is not liable for the delinquent assessment. The purchaser may cancel the contract of purchase, without penalty, until midnight of the fifth calendar day following the date the purchaser receives the resale package. The purchaser cancels by written notice delivered by hand, sent by prepaid United States mail, or sent by electronic transmission to the unit's owner or the owner's authorized agent, and any payments made before cancellation must be refunded promptly. The right to cancel ends once the purchaser accepts conveyance of the unit. This resale package remains effective for 90 calendar days. On the request of the unit's owner, the owner's authorized agent, or a purchaser to whom the unit's owner has provided this resale package, the association will make its entire study of reserves available to inspect, examine, photocopy, and audit at its business office or another suitable location within the county where the common-interest community is situated. The information in this document is current as of its issue date.