Nev. Rev. Stat. § 645C.055

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 645C.055 - "Complex property" defined

"Complex property" means residential property which:

1. Is atypical for the marketplace in which it is located based on, without limitation, such factors as:

(a) The architectural style of the property;

(b) Special improvements made to the property;

(c) The size of the lot;

(d) The use of the property;

(e) Environmental factors related to the property; and

(f) Ownership of a partial interest in the property; and

2. Requires techniques to be used other than a simple comparison of sales or an analysis of cost or income in order to produce a reliable appraisal of that property.

NRS 645C.055

Added to NRS by 1997, 299