Henderson HOAs may levy regular and special assessments under NRS 116.3115, must provide detailed budgets, and can file super-priority liens under NRS 116.31162 after homeowner delinquency of 60 days.
Assessments fund common area maintenance, reserves, and master association fees in Henderson communities. NRS 116.3115 requires every HOA to adopt an annual budget that must be ratified by unanimous owner vote or automatically ratified if a majority do not reject it within 30 days. Reserve studies are required at least every five years under NRS 116.31152. Special assessments generally require board approval, and increases above certain thresholds may require member approval depending on governing documents. When an owner falls behind, the HOA must send a notice of delinquent assessment and may record a lien under NRS 116.3116. Nevadas famous super-priority lien under NRS 116.31162 gives the association priority over a first mortgage for up to 9 months of assessments plus maintenance and nuisance abatement charges. Foreclosure is permitted but must follow strict notice procedures. Late fees, interest (up to the NRS 99.040 rate), and collection costs can be added, but fines and penalties are separately regulated under NRS 116.31031.
Contact your local code enforcement office for specific penalty information.
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