SB391 revises real property regulations, limiting purchases by certain entities and requiring registration and specific deed contents.
SB391 amends Nevada law to limit the number of residential real property units that corporations, limited-liability companies, and their affiliates can purchase annually to 100. It requires these entities to register with the Securities Division of the Office of the Secretary of State before purchasing residential real property. The Secretary of State must establish regulations for the form and contents of deeds and instruments for entities owning 10 or more units.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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