New Mexico Standard Rental Lease Agreement Form

New Mexico standard rental lease agreement form is a legal contract that is used between a Landlord and Tenant for the renting of property for a certain amount of time in exchange for rent payments.. The terms and conditions are included.

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Last updated January 13th, 2025

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New Mexico standard rental lease agreement form is a legal contract that is used between a Landlord and Tenant for the renting of property for a certain amount of time in exchange for rent payments.. The terms and conditions are included.

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Association of Realtors Version

REALTORS® ASSOCIATION OF NEW MEXICO RESIDENTIAL RENTAL AGREEMENT

What the form covers?

This New Mexico Rental Lease Agreement includes New Mexico landlord-tenant laws:

New Mexico Residential Landlord-Tenant Laws

Summary: Landlords must make sure that rental properties complies with health and safety codes and is habitable which are governed by the Uniform Owner-Resident Relations Act (UORRA).[1]

Security Deposit Law

Summary:

  • 30 Days – Landlords must return the security deposit within 30 days of lease termination.
  • Itemized List – Deductions must be itemized and shared with the tenant.
  • Maximum – For leases less than one year, the security deposit cannot exceed one (1) month’s rent.[2]

Lease Termination

Summary: Both landlords and tenants can terminate a lease under certain conditions:

  • Landlord’s Ability to Terminate
    • 3-day notice for nonpayment of rent.
    • 7-day notice for lease violations.
  • Tenant’s Ability to Terminate
    • Tenants may terminate due to habitability issues after notifying the landlord.
    • 30-day notice required for month-to-month leases.[3]

Landlord’s Access to Property

Summary: Landlords must provide 24 hours’ notice before entering the property, unless it’s an emergency.[4]

Required Disclosure Forms (2)

Summary:
  1. Lead-Based Paint Disclosure Form – Landlords must provide a brochure if the property was built before 1978.
  2. Move-in Checklist – Tenants must report any property issues upon move-in to avoid responsibility for pre-existing damage.
  3. Landlord Identity – The landlord must inform the tenant of who is authorized to manage the property or act for the owner and provide full legal name and mailing address to send notices.[5]

Paying Rent

Summary:
  1. Grace Period – No state-mandated grace period; terms depend on the lease agreement.[6]
  2. Maximum Late Fee – Late fees must be reasonable and outlined in the lease.
  3. NSF Fees – No specific rules for NSF fees, but they must be disclosed in the lease agreement.[7]

Tenants Rights and Freedom from Retaliation Laws

Summary: Freedom from retaliation laws state that landlords cannot punish tenants for the following.
  • Reporting health or safety violations.
  • Requesting repairs.
  • Joining a tenant organization.

Examples of retaliation include raising rent, reducing services, or attempting eviction.[8]

Sources

  1. Uniform Owner-Resident Relations Act (UORRA)
  2. § 47-8-18(A)
  3. § 47-8-27.1(A)(1)
  4. § 47-8-24(A)
  5. § 47-8-19(A)
  6. § 47-8-15(B)
  7. § 14.5.5.15(A)
  8. § 47-8-39

Sample New Mexico Rental Lease Agreement PDF