Create & download the New Mexico Residential Lease & Rental Agreement printable PDF for Landlords. This state-specific Lease is customizable and includes NM law.
Document Last Modified: 7/29/2024
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Create Lease Create LeasePro Tip: The Lease Agreement is the most important form Landlords use. It outlines all terms of the rental relationship and protects the Landlord if problems arise with the Tenant. Never hand over possession of your rental unit until you have an executed Lease in place.
Our New Mexico Lease Agreement is EZ to create, read, and sign.
New Mexico Landlords need a Lease Agreement that is state-specific, which means it complies with all NM Lease laws. Here’s how we make it EZ for Landlords to create a thorough, state-specific Rental Contract:
Our New Mexico Lease Agreement AUTOMATICALLY COMPLIES with all New Mexico Lease laws.
But, we know pro Landlords want to be familiar with Landlord-Tenant laws when managing their property.
| Category | State Law |
|---|---|
| Ending and Renewing | Month-to-Month: The Tenant or Landlord must give written notice to the other at least 30 days prior to the periodic rental date as specified within the notice. |
Contact your local housing or zoning office to be sure your rental property complies with city and county requirements for inspections, rent control, occupancy limits, property codes, and zoning. Many cities and counties require inspections and registrations and have specific maintenance regulations.
Have another disclosure or addendum you’d like to include? We have over 25 that Landlords can add to their Lease with just a click of a button. For example, a Pet Addendum, Wildfire Addendum, or Tenant Guest Policy
Pro Tip: Customize your Lease Package with additional documents and addendums to make sure your renters have all the information they need about their new home.
This lays the foundation for strong Landlord-Tenant relationships and reduces the likelihood of bad rental outcomes.
Does a New Mexico Lease Agreement need to be notarized?
No, New Mexico Lease Agreements do not need to be notarized. As long as they’re signed by both parties they’re considered legally binding and fully enforceable
How much can New Mexico Landlords raise the rent?
New Mexico has no limitations on how much Landlords can raise the rent. However, Landlords must give notice of at least as long as the frequency wi th which Tenants pay rent. For example, Landlords must give a month’s notice if Tenants pay rent once a month.
Does Microsoft Word offer a Rental Agreement template?
Yes, there is a basic Lease template available on Microsoft Word. However, it’s important to note that this simple, fillable Lease is not state-specific or customizable to your property. To make sure you get the most out of your Lease and have complete protection, it’s important to use a customizable, state-specific Lease Agreement.
What’s the standard Lease term in New Mexico?
The standard Lease term is one year (12 months). However, shorter and longer Lease terms are accepted as long as the term is clearly stated in the Lease and agreed upon by both parties.
To meet every Landlord’s needs, we offer short-term Lease Agreements, long-term Leases, Month-to-Month Rental Contracts, and Vacation Rental Contracts.
Who needs a Lease Agreement in New Mexico?
Anyone who rents real estate needs a Lease Agreement. This is true whether it’s a single-family home, duplex, condo, or apartment.
The Lease is what protects the Landlord if problems arise with the Tenant. Plus, it’s what outlines all rules and responsibilities and lays the foundation for the Landlord-Tenant relationship. This is why it’s vital to always have a good Lease Agreement.
While a generic, basic Lease is better than nothing, a simple Lease template, like the one offered by the New Mexico Association of Realtors, can leave a Landlord, or lessor, unprotected. To protect their investment and get the most out of their rental, it’s vital for Landlords to use a thorough, customized state-specific Lease.
Pro Tip: The Lease is just the first of many forms that Landlords need to manage their rental unit. Make life EZ by getting access to all the property management forms you need in one place.
Need another form? Search our library of over 400 Landlord forms!
If you Lease real estate in multiple states, you’ll need a state-specific Lease Agreement for each rental unit. That’s why we have state-specific Leases for all 50 states!
Need another state’s Lease Agreement? We have them all!
create your New Mexico Lease online in minutes.
It’s guaranteed to comply with all NM laws and includes unlimited access to ezSign.
