§ 18.06.313 — Security
Reno Administrative Code, City of Reno, Nevada (Supp. No. 65, Update 1: codified through Ordinance No. 6740, adopted May 6, 2026) · Reno Annexation and Land Development Code § 18.06.313
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18.06.313 - Security
The developer of a condominium project shall post security (performance bond, letter of credit, latent defects bond, contractor's control account, escrow account, etc.) in the manner and amount to be determined at the time the conditional use permit is approved by the City Council. The security shall cover latent defects. The security shall extend for one year from the date of sale of a unit by the developer, and for one year from the date of sale of the last unit for common areas, elements, and amenities.