New Mexico-Specific Lease Template

Free New Mexico Lease Template

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New Mexico Lease Requirements

Key landlord-tenant regulations every New Mexico lease must address.

Security Deposit

Limit: 1 month's rent (additional 1 month for pets)

Return deadline: 30 days

Late Fees

No statutory cap; must be reasonable

Required Disclosures

Lead-based paint (pre-1978), mold

Notice to Enter

24 hours

Notice to Terminate

30 days (month-to-month)

Governing Statutes

New Mexico Owner-Resident Relations Act (NMSA § 47-8)

What to Include in a New Mexico Lease

A legally binding New Mexico lease agreement should include these essential clauses:

Parties: Full names of landlord and all adult tenants
Property address: Complete rental unit address
Term: Fixed-term (start and end dates) or month-to-month
Rent amount: Monthly rent, due date, and payment method
Security deposit: Amount collected (within New Mexico limits) and return conditions
Late fees: Fee structure as permitted by New Mexico law
Utilities: Which utilities landlord vs. tenant pays
Maintenance responsibilities: Who handles repairs and upkeep
Entry rules: Landlord notice requirements (24 hours)
Pet policy: Whether pets are allowed, deposits, and restrictions
Required disclosures: Lead-based paint (pre-1978), mold
Termination: Notice requirements (30 days (month-to-month))
Subletting: Whether subletting is allowed and conditions
Lead-based paint disclosure: Required for properties built before 1978

New Mexico-Specific Lease Laws

New Mexico landlord-tenant law is governed by the New Mexico Owner-Resident Relations Act (NMSA § 47-8). Here are key provisions landlords should know:

Security deposits are capped at 1 month's rent (additional 1 month for pets) and must be returned within 30 days after the tenant vacates
Late fees: No statutory cap; must be reasonable
Entry notice: Landlords must give 24 hours before entering the rental unit
Termination notice: 30 days (month-to-month) to end a month-to-month tenancy
Required disclosures: Lead-based paint (pre-1978), mold

This information is provided for educational purposes and does not constitute legal advice. Laws may change — consult a licensed New Mexico attorney for specific guidance.

Frequently Asked Questions

What is the security deposit limit in New Mexico?

New Mexico landlords may charge up to 1 month's rent as a security deposit, plus an additional 1 month for pets.

How long does a landlord have to return a security deposit in New Mexico?

New Mexico landlords must return the security deposit within 30 days after the tenant vacates.

How much notice does a landlord need to enter a rental in New Mexico?

New Mexico landlords must provide at least 24 hours' notice before entering a rental unit, except in emergencies.

What disclosures are required in a New Mexico lease?

New Mexico requires lead-based paint disclosures for properties built before 1978. Landlords should also disclose any known mold issues.

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