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Real Estate News

State law does not have HOA rule on height of flag pole

The average size flag pole ranges from 20 feet to 25 feet. Nevada Revised Statute 116 does not include any law as to the height or location of a flag pole. Associations would need to review their governing documents and in particular their architectural guidelines. Your association can have greater restrictions on the height and location of the flag pole than that of Clark County ordiances. Your association board will just have to reach some compromise.

HOA community lighting is a matter of security

Does Nevada Revised Statues No. 116 make any reference to a homeowner’s right to install any form of security/safety device on their lot or dwelling?

Underwriting basics: Harness your inner real estate investor

Striving to become a savvier real estate investor? Then understanding underwriting basics is a building block you can’t afford to skip. Every Trust Deed investment at Ignite Funding starts with the underwriting of the loan and the subject property.

REAL ESTATE BRIEFS: FEB. 13

Kevin Sigstad, a former president of the statewide Nevada Realtors and the Reno/Sparks Association of Realtors, has been elected to serve as a National Association of Realtors regional vice president.

Housing prices still rising; supply shrinking

A recent Las Vegas Realtors report shows the local housing market started 2021 with home prices still rising and the housing supply still shrinking.

THE LATEST
HOA community gate damaged car

I have lived in (a group of) town homes group (with) 117 units in Henderson. (It) has a gate with a sign reading: “Association not responsible for damage by gate to vehicle.”

HOA says garage cannot be used as gym

Many associations have specific regulations that the garage is to be use solely for residents’ vehicles. This is especially true where parking is limited in the common area

State law supports homeowner keeping his gazebo

ccording to an article that was published a number of years ago by attorney John Leach, “… the enforceability of an ARC violation against an existing or new homeowner with homes that have ARC violations is dependent on several factors including, but not limited to, the length of time the home has been in violation. If the Architectural Review Committee violation has knowingly existed for more than one year, case law supports the conclusion that the association could not successfully enforce the violation.”

HOA boards struggle with virtual meetings

With the recent changes in the meeting restrictions, association boards can continue to do successful hearings using Zoom or Webex. For those homeowners who do not have the ability to attend a virtual hearing, association boards can schedule a personal meeting with the homeowner, abiding by Centers for Disease Control and Prevention guidelines, such as 6-foot social distancing and all wearing masks.

Past time to take down those political signs

Per the county ordinances, the political flags and signs should be removed as the election is over. Please remove them so that you don’t become a recipient of a violation letter or a hearing/fine letter.

Content of HOA emails determines who can receive them

I do not believe associations fall under the Nevada Open Records Act. Nevada Revised Statute 116.31175 and NRS 116.3118 pertain to information as to what homeowners can receive or not receive from their associations.

Upstairs condo may have damage from past flooding

Call the management company and asked for the name and contact number of the association’s insurance company. The insurance company should have some information concerning the original leak.

REAL ESTATE BRIEFS

Panattoni Development Co. has been recognized by the Southern Nevada Chapter of the Society of Industrial and Office Realtors (SIOR) as the 2020 People’s Choice Developer of the Year. This is the company’s fourth consecutive People’s Choice Developer of the Year recognition.

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