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KT Las Vegas Homes
  • Home
  • About
  • Home Search
  • Selling
    • Thinking about selling your home in Las Vegas?
  • Buying
    • Buyer Guide
      • Utilities
      • Residential Disclosure Guide
    • FAQs
      • Real Estate Terms Lookup
    • New Homes
    • Moving Checklist
    • Mortgage Calculator
  • Communities
    • Anthem
    • Centennial Hills
    • Central Las Vegas
    • Enterprise
    • Green Valley
    • Henderson
    • Las Vegas Country Club
    • North Las Vegas
    • Paradise
    • Skye Canyon
    • Spring Valley
    • Summerlin
    • Sunrise Manor
    • Whitney
  • Contact
  • Register / Sign in

Follow us

  • facebook
  • instagram
  • youtube
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What is a Public Offering Statement?

A

What is a Public Offering Statement?

If the property is a new unit in a common-interest community or a condominium hotel, or if the community is subject to any developmental rights, or contains converted buildings or contains units which may be in a time share, or is registered with the Securities and Exchange Commission, the buyer must also be provided with a Public Offering Statement disclosing applicable information, including:

  • development rights of contractors
  • construction schedule
  • description of proposed improvements
  • mechanical & electrical installations
  • initial or special fees
  • number & identity of units in timeshare

Unless the buyer has personally inspected the unit, the buyer may cancel the contract to purchase, by written notice, until midnight of the fifth calendar day following the date of execution of the contract. This provision must be stated in the contract.

Categories: Common-Interest Communities and Condominium Hotels, Real Estate Terms, Residential Disclosure Guide
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