Except as otherwise provided by law or an agreement between the respective parties, and regardless of the date on which an interest in property was acquired, if a property owner:
1. Owns property that is:
(a) Subject to a covenant, condition or restriction recorded against the property before July 1, 2017; and
(b) Not subject to the provisions of chapter 116 of NRS; and
2. Owns additional property jointly with one or more other such property owners or owns a fractional interest in additional property as a tenant in common along with one or more other such property owners,
any property owners representing at least a majority of the ownership of such additional property may act on behalf of all the property owners who own such additional property.
(Added to NRS by 2017, 4038)