Each owner maintains how many accounts?

In community management, particularly within the framework of Nevada's regulations, each owner typically maintains one account that encompasses a variety of fees related to community association finances. The correct answer indicates that an owner maintains one account dedicated to assessments (regular fees), special assessments (temporary fees for specific projects), reserve assessments (contributions to a fund for future repairs and replacements), and construction penalties, all crucial elements of financial management within a community.

This structure allows for a comprehensive accounting of the financial obligations that homeowners are responsible for within the community. Each of these components reflects common financial transactions applicable to homeowners in a community association and ensures transparent management of funds.

It’s also worth noting that fines are typically assessed separately for violations of community rules or regulations. Thus, putting "fines" in a separate account reflects the nature of these monetary obligations and their distinct purpose compared to the others listed. This correct delineation in account management is crucial for both the community's financial health and the homeowners' understanding of their responsibilities.