Revised 11/20/18 Page 3 of 3 Form 603
INSTRUCTIONS FOR INITIAL ASSOCIATION REGISTRATION FORM
General Information
• Select the type of business entity that the association will be organized as: profit or nonprofit corporation, trust or partnership
a
s prescribed in NRS 116.3101(4) (a) or NRS 116B.415 (3) (a).
• General information required by NRS 116.625(4) (e) or NRS 116B.815 (5). Include the association’s legal name, subdivision
na
me as provided by county assessor’s office, complete physical address or cross streets if no physical address, billing/contac
t
a
ddress, telephone number for the association and county in which the association is physically located. Pursuant to NRS
116.3101(4)(c), associations formed as of October 1, 2003 must contain in its name the words “common-interest community,”
“community association,” “master association,” “homeowners’ association,” or “unit-owners’ association.” Pursuant to NRS
116B.415 (3) (c), a condominium hotel association must contain in its name the words “community association,”
“homeowners’ association,” or “unit-owners’ association.”
T
here are four types of Common-Interest Communities:
• Condominium, defined in NRS 116.027, is a common-interest community in which portions of the real estate are
designed for separate ownership and the remainder of the real estate is designated for common ownership solely by the
owners of those portions. A CIC is not a condominium unless the undivided interests in the common elements are vested
in the unit’s owners
.
• Cooperative, defined in NRS 116.031, is a CIC in which the real estate is owned by an association, each of whose
members is entitled by virtue of his ownership in the association to exclusive possession of a unit.
• Planned Community, defined in NRS 116.075, is a CIC that is not a condominium or a cooperative. However, a
condominium or a cooperative may be part of a planned community.
• Condominium Hotel, defined in NRS 116B.060, is a CIC with real estate designated for separate ownership and a hotel
unit.
Units
• Indicate the current number of units (defined in NRS 116.093 and NRS 116B.235), as well as the number of units the
declarant reserves the right to convey/close in the CIC.
Board/Management/Declarant
• Within 90 days of election or appointment, each association board member must complete Form 602. The Division no longer
requires Form #602 to be submitted but the form(s) is required to be kept as an association record that MAY be requested by
the Division at any time.
A
s applicable, include business and contact name, mailing address, telephone number, and e-mail address for the following:
• Executive Board – Pursuant to NRS 116.31034 and NRS 116B.445, list all officers and directors. Include personal contact
information for each board member. The management company’s or declarant’s information cannot be substituted for the
board member’s personal information required. Use additional sheet is necessary.
• Community Manager – Defined in NRS 116.023 and NRS 116B.050. It includes the management company or the on-site
manager.
• Custodian of Records – Identify physical location of CIC records and person responsible for them, per NRS 116.31175 and
N
RS 116B.
670.
• Hotel Unit Owner – Defined in NRS 116B.125, this only applies to condominium hotels. It includes the owner of the hotel
unit and shared components and may also be declarant, any successor or any designee of the declarant, or an affiliate of the
declarant.
• Attorney – Only provide information if the association has an attorney of record.
• Declarant – Defined in NRS 116.037 and NRS 116B.075, or a successive declarant.
• The person completing the form must print name and title, sign and date. If community manager, must provide
license number.
