SB 391
Revises provisions relating to real property. (BDR 10-84)
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Sign in to take action- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Bill overview
This bill aims to limit the number of residential real property units that corporations, limited liability companies, and their affiliates can purchase in Nevada within a single year, capping it at 100 units. It requires these entities to register with the Securities Division of the Secretary of State before purchasing property and mandates that deeds be accompanied by a registration certificate. The bill also establishes regulations for life estates and requires county recorders to verify registration compliance, with exemptions for smaller property owners.
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