Changes In Nev. Construction Law Foster Real Estate Growth

Law360, New York (April 21, 2016, 10:20 AM EDT) -- The 2015 Nevada state legislative session was one for the (construction law) books. The Legislature made many changes. A few of the most notable were lowering of the maximum retention rate allowed in contracts and subcontracts from 10 to 5 percent, and the complete overhaul of Nevada's residential construction defect statutes. As construction and real estate are often inherently linked, these changes are important to both construction and real estate development clients....

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