LAS VEGAS — Homeowner Associations in Las Vegas may sometimes require special assessments to fund unexpected and large-scale repairs.
Nevada is one of the strictest states when it comes to HOA special assessments and funding. The Common-Interest Ownership Act (NRS 116) provides a detailed framework on how an HOA must plan and pay for long-term repairs. Under the act, HOAs must adopt an annual budget and reserve funds. This funding can be increased when reserve funds are not enough.
To justify reserve funding and special assessments, HOAs are required to conduct a reserve study at least once every five years. During special assessments, homeowners who foot the increased fees can demand a breakdown of the costs.
Turning down a budget is challenging, but a local Nevada resident proved it can be done. In 2025, residents in the Las Vegas valley prevented their HOA from doubling monthly dues by creating a petition. However, a special assessment does not require homeowner approval even if homeowners submit a petition. Homeowners can push for clarity on how the special assessment funds are being used.
