Nevada Revised Statutes 645.8775 – Duty of owner to confirm or deny claim; effect of confirming claim; effect of denying claim or failing to respond; recording of claim by broker
1. If an owner is served with a notice of a claim pursuant to NRS 645.8765, the owner shall, within 5 days after service of the notice but not later than 7 days before the disposition of the commercial real estate:
Terms Used In Nevada Revised Statutes 645.8775
- county: includes Carson City. See Nevada Revised Statutes 0.033
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- real estate: means every interest or estate in real property including but not limited to freeholds, leaseholds and interests in condominiums, town houses or planned unit developments, whether corporeal or incorporeal, and whether the real property is situated in this State or elsewhere. See Nevada Revised Statutes 645.020
(a) Confirm or deny the claim set forth in the notice; and
(b) Notify, in writing, the real estate broker who provided the notice to the owner.
2. If the owner confirms the claim and notifies the real estate broker of that fact pursuant to subsection 1, the owner may instruct the escrow agent for the commercial real estate to pay to the real estate broker the amount claimed by the real estate broker in the notice of the claim.
3. If the owner fails to notify the real estate broker within the period specified in subsection 1 or notifies the real estate broker that the owner denies the claim, the real estate broker may record the notice of the claim in the office of the county recorder where the commercial real estate or any portion of the commercial real estate is located.