Reno, Nev., Land Dev. Code §§ 18.06.305–18.06.308 (2026) § 18.06.308
Tenant's Purchase Right
Operative Text
(a) With the notice of sale provided for in Section 18.06.306 , Notice of Intent to Sell, the developer shall deliver to each tenant whose unit is to be offered for sale, a firm offer of sale for the unit that the tenant occupies. For 30 days from the date of delivery of the offer, the tenant shall have the exclusive right to purchase their unit or until tenant vacates, whichever occurs first. (b) Upon acceptance by a prospective purchaser, tenant or subtenant and the signing of the offer of sale, the earnest money shall be deposited by the developer immediately in an escrow account with a land title company licensed by the state, to be released to the developer only upon close of escrow. (c) For a period of 60 days following the rejection of the offer by the tenant, the developer shall not offer the unit for sale to any other person on more favorable terms without giving the tenant the right of first refusal. This right of first refusal given to the tenant shall exist for a minimum of 15 days. (d) Any tenant who exercises their purchase rights under this section forfeits the moving expenses provisions of Section 18.06.307 , Moving Expenses.
Under Reno, Nev., Land Dev. Code §§ 18.06.305–18.06.308, when a developer converts rental units to for-sale units, each tenant must receive a firm purchase offer for their own unit at the same time they receive the notice of intent to sell. The tenant holds an exclusive 30-day window to accept that offer before anyone else may purchase the unit. If the tenant declines, the developer must give the tenant a right of first refusal—lasting at least 15 days—before selling to a third party on more favorable terms. A tenant who buys their unit under this provision gives up any entitlement to moving-expense assistance under Section 18.06.307.
Plain English — not legal advice.
Operators converting rental units in Reno should be aware that §§ 18.06.305–18.06.308 require delivering a firm, simultaneous purchase offer to each occupying tenant alongside the Section 18.06.306 notice of intent to sell. Compliant developers hold the unit off the broader market for 30 days, deposit any accepted earnest money immediately into a licensed escrow account, and—if the tenant declines—refrain from offering the unit to others on more favorable terms without first extending a minimum 15-day right of first refusal to that tenant.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
Under §§ 18.06.305–18.06.308, Reno tenants in units being converted for sale have a legally protected 30-day exclusive window to purchase their own unit, and a subsequent right of first refusal if the developer later offers better terms to outside buyers. Tenants who accept the purchase offer should note that doing so forfeits moving-expense benefits under Section 18.06.307. Tenant-rights organizations familiar with Nevada conversion law can help clarify how these rights apply generally.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated November 14, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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