“Developmental rights” means any right or combination of rights reserved by a declarant in the declaration to:
1. Add real estate to a condominium hotel;
2. Create residential units, common elements, limited common elements, shared components or a hotel unit within a condominium hotel;
3. Subdivide residential units or convert residential units into common elements, shared components or part of a hotel unit;
4. Subdivide a hotel unit or convert a hotel unit into residential units, common elements or shared components;
5. Subdivide shared components or convert shared components into residential units, common elements or part of a hotel unit;
6. Subdivide or convert common elements into residential units, shared components or part of a hotel unit; or
7. Withdraw real estate from a condominium hotel.
(Added to NRS by 2007, 2195; A 2015, 1217)
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