Marijuana-based businesses in Southern Nevada are continuing to expand in the region as the gates to recreational sales opened less than a year ago.
Real Estate News
With the warmer months upon us, it’s time to talk about the pool. The Southern Nevada Health District has some tips for homeowners associations on pool maintenance and safety this summer.
Editor’s note: Listings include the resale home’s parcel number. The address listed is the homebuyer’s mailing address and not the actual location of the resale home. About 90 percent of these addresses reflect the home purchase. Check the parcel number to make sure. Also, a few transactions do not reflect the market value of the homes. The information is provided by Accudata, a local research firm. For the complete listing, visit RJRealEstate.Vegas.
But homeowners associations, particularly those whose governing documents were written in the 1990s or later, routinely lay out smoking and nonsmoking areas and spell out controls. Those restrictions were originally written to apply to tobacco, but they can be used just as effectively against nuisance marijuana smoke.
Until the legislature changes Nevada Revised Statutes 116.355, if your association does not have any rental cap, your association would not be able to restrict investors from purchasing homes within your association for the purpose of leasing them. One footnote, this law will never change unless homeowners and boards start lobbying to modify it.
Editor’s note: Listings include the resale home’s parcel number. The address listed is the homebuyer’s mailing address and not the actual location of the resale home. About 90 percent of these addresses reflect the home purchase. Check the parcel number to make sure. Also, a few transactions do not reflect the market value of the homes. The information is provided by Accudata, a local research firm. For the complete listing, visit RJRealEstate.Vegas.
Editor’s note: This column first appeared in the Community Interests, a publication for Community Associations Institute, Nevada chapter.
Nevada Revised Statutes 115, homestead laws, protects the equity in your home up to $550,000 from general creditor claims, such as unpaid medical bills, bankruptcy, charge card debts, business/personal loans and accidents but would not preclude a seizure or forced sale of your residence from general creditors if your equity exceeds the $555,000.
The interest in Las Vegas’ historic homes and neighborhoods continues to grow inside and outside Nevada and will be celebrated this year with a special tour of a 15,000-square-foot underground bomb shelter that features a putting green, pool, Jacuzzi and casita.
The Las Vegas Valley’s multifamily market has been recovering over the last several years alongside the single-family home market and the amount of new product has been increasing. But just as a premium has been seen for new homes in Las Vegas, compared to existing homes, the same trend has been occurring in the apartment market.
If you can provide documentation from his doctor that the pit bull is a support animal, the association would have to allow for a variance. You would have to abide by all of the rules and regulations pertaining to dogs, as the association would have the right to take action against the homeowner if there were major infractions.
Start visiting nearby brokers’ open houses to see what else is available and how these comps compare with your property. Search the internet, and study the market. If you were a buyer, would your asking price attract you before you had even seen your home?
These short-term rentals, vacation rentals and Airbnb rentals will continue to plague association boards and their resident homeowners. Until the law changes, or until there are court cases here in Nevada pertaining to these various short-term rentals, your association will need to look at its own governing documents.
The lack of affordable housing is a growing concern for cities across the country, particularly in Southern Nevada; but 783 people are now sleeping easier in their new affordable, quality homes at the Cordero Pines Family Apartments in northeast Las Vegas. Leasing is complete, and the working families of the new apartment community with supportive services have moved into their new homes.
Your agent should give you a copy of the form usually used by his or her brokerage, the local multiple listing system or the Bar Association. Study it in leisure ahead of time, for when it comes time to fill one out, you’ll be too nervous for quiet consideration.
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