New Mexico Rental Lease Agreement Templates | PDF | Word

The New Mexico rental lease agreements are written to bind a willing property owner and lessee to a property for the use of either livable space, residential, or through the operation of a business purpose with commercial space. Determining which type of lease to use will be based on the requirements of both landlord and tenant with the most popular being the standard one (1) year residential lease agreement. No matter what type of document that is chosen, the landlord should screen all potential tenants with the rental application before signing a bonding arrangement.


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The New Mexico commercial lease agreement, in accordance with the Commercial Tenant Checklist, allows an individual or entity to occupy space or real property from an owner/manager for a stated period of time in exchange for monthly rent and other terms and conditions. The parties, landlord and tenant, are to first agree verbally to the main factors of the lease i.e. monthly amount, responsibility of utilities, renewal periods (if any), increases in rent, etc. After all the main points are mutually understood…

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The New Mexico month to month lease agreement is a document that is utilized by a landlord and tenant looking for an arrangement where one may occupy space for a period of time without an end date. This is a more relaxed way of conducting tenancy as both parties are not bound to a specific time-frame and either may cancel the agreement with at least thirty (30) days’ notice from one another (Statute 47-8-37). Use Notice to Terminate The landlord should…

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The New Mexico rental application is generated by the Association of Realtors and allows a landlord to review a potential tenant’s credit, background, and employment history in order to view their credentials to see if they are viable for a lease agreement. In addition, the landlord should request any previous lessors of the tenant as references to see how they paid (on-time, late, etc.) and if they left the premises in good condition upon vacating. After Approval After approving the tenant for…

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The New Mexico standard residential lease agreement is the most common used rental contract as it is for a term of one (1) year and allows the landlord and tenant to come to terms over the usage of livable space. The landlord will typically ask for the tenant’s personal, financial, and background information with the rental application to see if they approve of the potential lessee’s character. If the tenant is approved, the landlord will write a lease agreement and,…

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The New Mexico sublease agreement is a form that is used to let a tenant that is under a binding agreement with a landlord to re-rent the same space, either a portion or the entire premises, to another individual. The original tenant, or sublessor, must have permission in their original lease with the landlord that states their right to sublet the property. If there is no statement, or it is not allowed they must get written signature from the manager…

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The New Mexico eviction notice to quit for the nonpayment of rent is for lessee’s who have fallen behind on their rent, and this form may be used by the landlord to allow the tenant three (3) days to either pay the amount due or leave the premises. If the tenant does not leave the premises after the time period presented they may face legal action through an official eviction.

Laws – If a tenant has questions about their responsibilities they should seek the Renter’s Guide provided by the Attorney General.

REQUIRED LANDLORD DISLCOSURES

Identification (Statute 47-8-19) – The landlord must state in the lease who the person(s) are allowed on the premises in addition to any official manager(s).

Lead-Based Paint – Only required if the residential dwelling was built before 1978.

LANDLORD-TENANT LAWS – 2006 Full New Mexico Statutes

Security DepositsStatute 47-8-18

Maximum – The landlord may only charge up to one (1) month’s rent for the initial deposit.

Giving Back – The landlord has up to thirty (30) days to return the funds to the tenant once they have moved out of the premises.

Accessing the PremisesStatute 47-8-24. Right of Entry

If the property owner or manager would like to get inside the premises for a repair or maintenance they must give at least twenty-four (24) hours notice to the tenant.