New Mexico Standard Residential Lease Agreement
The New Mexico Standard Residential Lease Agreement is a legal document used for establishing protections and rules surrounding the renting of a property. Before signing the rental agreement, property manager’s should request all applicant’s complete a rental application, which is a form containing a series of questions meant to measure the applicant’s likeliness to be an upstanding tenant.
Lease + Security Deposit Laws
Maximum Security Deposit (§ 47-8-18) – One (1) month’s rent for leases under one (1) year. For leases over one (1) year – no limit.
Lease Laws – §§ 47-8-1 to 47-8-52