WebThis state law governs the formation, operation, and termination of common-interest communities in Nevada. The law applies to all condominiums, cooperatives, and planned communities created in Nevada except as otherwise provided in this section and NRS 116.1203. See also NRS 116.1201 for more on the applicability of provisions of this chapter. WebIf the certificate is redeemed by the property owner prior to foreclosure, the certificate earns a redemption penalty. On liens over $200, a penalty of 2% is added to the certificate, liens over $5,000 bring a 4% penalty and on liens over $10,000, a 6% penalty is added, regardless of the interest bid. The owner of a tax sale certificate need ...

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