New Mexico LandlordTenant Laws
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Landlords and property managers should know New Mexico LandlordTenant laws to manage their New Mexico rental property. This video covers everything you need to know about New Mexico lease laws and New Mexico Landlord Laws.

A standard, fixedterm New Mexico Rental Contract is usually for a oneyear (12month) period. Either party can terminate a monthtomonth Lease Agreement with 30 days' notice.


Landlord & Tenant Laws in New Mexico: Lease Requirements
Landlord/Agent Identification: Landlords must disclose to Tenants all individuals allowed to access the property for maintenance and management. The Lease should also provide a name and address for official notices.
LeadBased Paint Disclosure & Pamphlet: For rental units built before 1978, Landlords must provide Tenants with a leadbased paint disclosure and pamphlet https://www.ezlandlordforms.com/docum....

Landlord Laws in New Mexico
New Mexico Security Deposit Regulations
Landlords may require a security deposit of up to one month’s rent for Lease Agreements of less than one year. There is no limit on the security deposit for Leases of one year or longer, but they should be reasonable.

New Mexico Landlord Entry Laws
Landlords must give at least 24 hours' notice to enter the property for nonemergencies.

New Mexico Late Fee Requirements
Late fees may not exceed 10% of the monthly rent amount.

Renters Insurance in New Mexico
Landlords may require Tenants to get renters insurance and can make failure to do so a breach of the Lease Agreement.

New Mexico Returned Check Fees
There is no limit on the amount Landlords may charge for a late fee. However, fees should be reasonable and related to the expenses incurred because of the late payment.

New Mexico Increase in Rent Laws
New Mexico has no limits on rent increases. However, the Lease should discuss the procedure and notice requirements for increasing rent.

New Mexico TenantLandlord Laws Landlords’ Responsibilities
New Mexico Landlord Repair Laws
Landlords must provide a safe rental unit that complies with all health and safety codes. Landlords also must make necessary repairs to the rental unit.

Tenants Rights Laws New Mexico
Tenants should promptly alert Landlords of any needed repairs, and Landlords must respond to requests within 7 days. If the Landlord fails to respond or doesn’t complete repairs in a reasonable time frame, Tenants have specific rights including the right to withhold rent.

Evictions in New Mexico
If a Tenant fails to pay rent or violates the Lease Agreement, the Landlord may start the eviction process. In these situations, Landlords must strictly follow New Mexico law and can never resort to “selfhelp” eviction methods, such as changing locks or shutting off utilities.

Create Your New Mexico Lease Agreement
Congratulations, you’re ready to create a New Mexico Lease and manage your New Mexico Rental unit.

Our Lease Agreement automatically includes all required disclosures and gives you stateassist tips as you build it.

It’s easy to customize online and offers unlimited access to our electronic signing tool, ezSign.

Visit https://www.ezlandlordforms.com/ for Tenant Screening Services, statespecific Lease Agreements, and property management forms.

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Disclaimer: This video is solely for education purposes. It is not intended to serve as legal advice. We do not make any warranties about the completeness, accuracy, or reliability of any of this information.