A developer’s reserved rights may include, without limitation, the right to: 1. Add units or real estate to, and withdraw units or real estate from, a time-share plan. 2. Create units, a common area or a limited common area within the project. 3. Subdivide units or convert units into a common area. 4. Make and complete improvements to the project. 5. Maintain sales offices, management offices and signs for advertising the time-share plan, project and models. 6. Enter into a subsidy agreement with the association in lieu of paying the assessments allocated to the time shares owned by the developer. 7. Provide for the establishment of a master association, as defined in NRS 116.063. 8. Merge or consolidate a time-share plan with another time-share plan which has the same form of ownership. 9. Relocate boundaries between adjoining units in accordance with the provisions of this chapter. (Added to NRS by 2001, 2497)
Nevada Legal Code