New Mexico Commercial Lease Agreement

The New Mexico Commercial Lease Agreement serves to establish the structure of an agreement, that once signed, permits a tenant to conduct business operations in a property in exchange for consistent monthly payments. Prior to enacting the contract, the parties will negotiate on the terms and conditions. This includes determining who pays for what utilities, the duration of the lease, what repairs the landlord is responsible for, who is responsible for paying to get the property up to speed with the tenant’s business needs, insurance, parking, and many several others. According to the New Mexico Uniform Law on Notarial Acts, if the parties are planning on having the document recorded, it will need to be notarized by a licensed entity.