New Mexico Rental Application
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 approving the tenant for a lease, the landlord should draft an agreement and require a security deposit. According to Statute 47-8-18 a property owner/manager may only ask for the equivalent of one (1) month’s rent for the initial deposit.