Nevada Revised Statutes 113.085 – Required disclosures by seller of real property subject to private transfer fee obligations
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1. A seller of real property that is subject to a private transfer fee obligation shall furnish to the buyer a written statement which discloses the existence of the private transfer fee obligation, includes a description of the private transfer fee obligation and sets forth a notice in substantially the following form:
Terms Used In Nevada Revised Statutes 113.085
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
2. As used in this section, ‘private transfer fee obligation’ has the meaning ascribed to it in NRS 111.845.