No. There are few armed security services because of the high cost of operations, including their insurance.
Real Estate News
Q: We noticed the outside of our wall, which is on a corner lot, to be cracked. On further inspection, the wall moves from above. We found you in a Google search. The first search to pop up was an article dated Jan. 31, 2009: “HOA bill to address maintenance of Security Walls within communities.” The home was built in 2004. We bought the home in 2015. Was a bill passed that would make the homeowners association responsible for the wall?
This week, I have invited local attorneys Gregory P. Kerr and Michael T. Schulman of Wolf, Rifkin, Shapiro, Schulman Rabkin to explain new laws that will affect Las Vegas communities and the state’s homeowners associations. This the last column in a three-part series that takes an in-depth look at the new laws.
SB 186 is awful. Truly, it is the worst bill affecting common-interest communities the industry has seen in a while. This legislation will cost unit owners money. It is a bill that is poorly conceived and disregards mutual interests that are shared by both unit owners and associations.
This week, I have invited local attorneys Gregory P. Kerr and Michael T. Schulman of Wolf, Rifkin, Shapiro, Schulman Rabkin to explain new laws that will affect Las Vegas communities and the state’s homeowners associations. This is a three-part series that takes an in-depth look at the new laws. This week, we will cover Senate Bill 72. Next week we will address Senate Bill 186.
Under NRS 116.31034 (4a and 4b), each candidate is to make a good faith effort to disclose any financial, business, professional or personal relationship or interest that would appear to be a potential conflict of interest if the candidate was elected to the board. In addition, the candidate is to disclose whether he or she is a member of good standings. The law defines a member of good standings to be one that does not owe any assessment and or construction penalties.
With all of the recent news pertaining to short-term rentals, I thought it would be important to provide specific information per city and county regulations.
It is my opinion the collection agency cannot hold hostage your water bill. The water bill is a separate and distinct expense and is not part of the association’s dues. Association dues consist of the common operating expenses and not the expense of a specific unit owner’s water usage.
This is the second column in a two-part series on new state laws that will affect Las Vegas communities.
In a two-part series Barbara Holland will review new state laws that will affect our Las Vegas homeowners associations.
Our pool hasn’t opened, and it should for the residents. The HOA board has the authority to open it. It’s record-setting heat in Las Vegas. What can we do ?
You would need to check with the association’s legal counsel as to whether you should grandfather or whether you should start enforcing the restriction to all existing violators. Expect push back as not only is this a public relations issue but, face it, if you are a dog owner, your dog is part of your family.
You would not be able to serve on the board at the same time your wife is serving, per Nevada Revised Statute 116.31034 (10)(a)(1).
Ignite Funding, a hard money lender, experienced zero defaults in 2020, a pitfall that many lenders and real estate developers were unable to avoid due to the global pandemic. Ignite Funding has not taken this achievement lightly, knowing that many in the lending industry were not left unscathed. Ignite Funding attributes this success to their lending philosophies and the various steps they take to mitigate the company’s overall exposure to risk. Risk mitigation is exceedingly important as Ignite Funding’s sole operation is to provide thousands of investors the opportunity to participate in real estate investments through trust deeds.
Senate Bill 186 will expose Nevada community associations to civil lawsuits over foreclosures. It will also cause an increase in association assessments and create needless paper waste.
