Nevada Revised Statutes Chapter 116 is one of the most comprehensive HOA frameworks in the United States, and Nevada's Real Estate Division (NRED) actively oversees community associations including self-managed ones. Nevada mandates detailed financial disclosures, specific hearing procedures, and board member education requirements — creating significant compliance obligations for boards operating without professional management.
15 days
Minimum advance notice required
No state cap
Per individual violation
Required
Full study every 5 years; annual review/update required
Required
Annual disclosure package to members
Annual meeting required
Yes
Notice window
15 days minimum
Quorum
Per governing documents (commonly 10% of units for condominiums)
Board meetings must be noticed at least 10 days in advance for regular meetings. Annual meeting notice is 15 days minimum. All executive board members are required to complete an education course approved by NRED within 90 days of taking office.
Budget distribution
Required — at least 30 days before fiscal year
Reserve study
Full study every 5 years; annual review/update required
Annual disclosure
Required
Nevada requires a detailed annual budget with a reserve study component. The association must also provide an annual financial statement. Associations with 150+ units must have their financial statements reviewed or audited by a CPA. Reserve disclosures must specify percent funded and current reserve balance.
Notice required before fine
30 days
Hearing required
Yes — required by state law
Fine cap per violation
No statewide cap
Appeal rights
Required by state law
N.R.S. 116.31031 requires at least 30 days written notice specifying the alleged violation before a fine can be imposed. The unit owner must have the opportunity to a hearing before the executive board. Fines may not exceed amounts specified in the association's schedule of fines.
Annual election required
Yes
Term limits
None by state law
Cumulative voting option
Not required by state law
Nevada requires elections to follow the procedures in the governing documents and NRS Chapter 116. Board members must complete NRED-approved education within 90 days of election. NRED handles mediation of election disputes.
LotWize tracks Nevada's 30-day violation notice window, manages reserve study schedules with annual update reminders, and generates NRED-compliant annual disclosure packages — reducing the compliance burden on self-managed Nevada boards.
Start 14-Day Free TrialThis guide provides general information about Nevada HOA law. Laws change frequently and may vary by community type (planned community, condominium, cooperative). Consult an HOA attorney licensed in Nevada for advice specific to your situation.