SB 395*
Revises provisions relating to real property. (BDR 10-288)
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Sign in to take action- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Bill overview
This bill limits the number of residential real properties that corporations, limited-liability companies, and their affiliates can purchase in Nevada to a maximum of 1,000 units per year. It requires these entities to register with the Securities Division of the Secretary of State and mandates that deeds for purchased properties include information about the ownership entity and clearly state that the property is not the owner’s primary residence. The bill also creates a registry of these investors and provides for an appropriation to support the implementation of these requirements.
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