The Court determined that (1) a superpriority lien for common expense assessments pursuant to NRS 116.3116(2) does not include collection fees and foreclosure costs incurred by a homeowners’ association; and (2) a superpriority lien in a homeowners association’s covenants, conditions, and restrictions is superseded by NRS 116.3116(2).
Nevada Supreme Court Summaries
Horizons at Seven Hills v. Ikon Holdings, 132 Nev. Adv. Op. 35 (Apr. 28. 2016) (en banc)