Las Vegas has yet to fully recover from the housing downturn a decade ago, and its homeownership rate remains well below the national average with the exception of Hispanics and millennials.
Real Estate News
Under Nevada Revised Statute 116.3115, it is the association’s responsibility to properly fund the reserves as noted in section 2b, as follows: “The association shall establish adequate reserves funded on a reasonable basis …”
The Greater Las Vegas Association of Realtors (GLVAR) is preparing its biggest donation yet as a sponsor of the 21st annual 98.5 KLUC Chet Buchanan Show Toy Drive to help local children in need around the holidays.
You should first seek out the management company for assistance to help explain and assist the upstairs neighbor to do the repairs. If that does not work, you could contact the Aging Disability Services Division of the State of Nevada at 775-687-4210 for their advice.
One recommendation is for your board to have the management company send a letter to those homeowners stating the requirement from the CCRs. In that letter, management can request a copy of their architectural approval letter and or taking a photograph of their backyard.
Las Vegas’ most pampered pets are getting the royal treatment with their own luxury doghouses. Luxus DESIGN BUILD, a design-build contractor based in Henderson, took first place for its innovative custom doghouse at the inaugural Doghouses of Distinction event benefitting The Animal Foundation. Luxus DESIGN BUILD and its sister company studio g ARCHITECTURE designed and built the award-winning structure, dubbed the “Oasis for Man’s Best Friend.”
Matthew Hoyt of CommCap Advisors has been named a recipient of the National NAIOP 2019 Developing Leaders Award, honoring rising industry professionals throughout the nation. The selection was competitive. NAIOP selected five young professionals nationally to receive this prestigious award.
First, you should verify who provided you with the information as to the expenses that are included in the association dues.
WestCorp Management Group, in its ongoing partnership with Nevada West Development, has opened Revolution, a 340-unit luxury apartment community in West Henderson at 12215 Gilespie St. This is WestCorp’s third community to open in Southern Nevada with Vivint Smart Home technology in every unit. Empire and Trend! opened earlier this year and are also managed by WestCorp Management Group.
Association boards have a fiduciary obligation to its members. The division could investigate your board as to its actions per Nevada Revised Statutes 116.3103 (1), exercising the ordinary and responsible care of the association subject to the business judgment rule.
Before you contact the Ombudsman’ Office, you can request from your management company a copy of the general record concerning each violation of the governing documents (other than delinquency) for which your association has either imposed a fine, construction penalty or any other sanction per Nevada Revised Statute 116.31175 (5).
Per Nevada Revised Statutes 116.31086, an association would not be required to obtain three bids if the cost of the project or service was less than 3 percent of the association’s annual budget for communities under 1,000 homes or less than 1 percent of the annual budget for communities more than 1,000 units.
NRS 116 is a state law. It is not just a Las Vegas law. There are certain exceptions in the law that differentiates the kinds of associations and their locations.
The Greater Las Vegas Association of Realtors (GLVAR) announced the results of its annual election of officers and board members, with local Realtors Tom Blanchard serving as its 2020 president and Aldo Martinez serving as 2020 president-elect.
I would hate to see you taking steps to escalate the problem with your neighbor. Obviously, when possible a one-on-one meeting with him, which you have stated, is not an option.
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