Section 116B.085 - "Developmental rights" defined "Developmental rights" means any right or combination of rights reserved by a declarant in the declaration to:
1. Add real estate to a condominium hotel;2. Create residential units, common elements, limited common elements, shared components or a hotel unit within a condominium hotel;3. Subdivide residential units or convert residential units into common elements, shared components or part of a hotel unit;4. Subdivide a hotel unit or convert a hotel unit into residential units, common elements or shared components;5. Subdivide shared components or convert shared components into residential units, common elements or part of a hotel unit;6. Subdivide or convert common elements into residential units, shared components or part of a hotel unit; or7. Withdraw real estate from a condominium hotel.Added to NRS by 2007, 2195; A 2015, 1217Amended by 2015, Ch. 257,§7, eff. 10/1/2015.Added to NRS by 2007, 2195