New Mexico Rental Lease Laws: What Your Lease Can and Can't Say
Everything below is generated from our New Mexico law database — the same statute-backed rules our analyzer uses to check leases. Prohibited clauses and required disclosures include their statute citations.
Educational information: this page summarizes New Mexico landlord-tenant law for renters. It is not legal advice. Laws change — consult a licensed attorney for your situation.
New Mexico lease rules at a glance
| Security deposit limit | 1 month's rent (leases under 1 year) |
|---|---|
| Deposit return deadline | 30 days |
| Interest on deposits | required (amounts over 1 month on longer leases) |
| Landlord entry notice | 24 hours |
| Late fee cap | 10% of monthly rent |
| Rent grace period | no statutory grace period |
| Prohibited lease clauses | 4 clause types restricted |
| Required disclosures | 2 disclosures required |
New Mexico lease law guides
- New Mexico Security Deposit Limit1 month's rent (leases under 1 year)
- New Mexico Deposit Return Deadline30 days
- New Mexico Deposit Interest Rulesinterest required (amounts over 1 month on longer leases)
- New Mexico Landlord Entry Notice24 hours
- New Mexico Late Fee Laws10% of monthly rent
- New Mexico Rent Grace Periodno statutory grace period
- New Mexico Prohibited Lease Clauses4 restricted clause types
- New Mexico Required Disclosures2 required disclosures
Lease clauses restricted under New Mexico law
- Waiver of implied warranty of habitabilityLikely Illegal
- Waiver of tenant rightsLikely Illegal
- Confession of judgment clauseLikely Illegal
All 4 prohibited clause types in New Mexico, with statute citations →
Disclosures New Mexico landlords must provide
- Lead Paint
- Landlord/Agent Identity
What each required disclosure covers in New Mexico, with citations →
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New Mexico lease law FAQ
- How much can a landlord charge for a security deposit in New Mexico?
- New Mexico generally limits security deposits to 1 month's rent (leases under 1 year). Conditions can apply — see the New Mexico security deposit limit guide for details.
- How long does a landlord have to return a security deposit in New Mexico?
- Generally 30 days after move-out. Conditions can apply — see the New Mexico deposit return deadline guide for details.
- Do landlords have to pay interest on security deposits in New Mexico?
- Yes — New Mexico law requires interest on held security deposits for amounts over 1 month on longer leases. Conditions can apply — see the New Mexico deposit interest rules guide for details.
- How much notice does a landlord need to enter my apartment in New Mexico?
- Generally at least 24 hours. Conditions can apply — see the New Mexico landlord entry notice guide for details.
- Is there a limit on late fees in New Mexico?
- Yes — late fees are generally capped at 10% of monthly rent. Conditions can apply — see the New Mexico late fee laws guide for details.
- How many days late can rent be before fees in New Mexico?
- There is no statutory grace period in New Mexico; rent is late the day after it is due unless your lease says otherwise. Conditions can apply — see the New Mexico rent grace period guide for details.
- What lease clauses are illegal in New Mexico?
- New Mexico law restricts 4 clause types tracked in our database, such as: waiver of implied warranty of habitability; waiver of tenant rights; confession of judgment clause.
- What disclosures must a landlord provide in New Mexico?
- New Mexico requires: Lead Paint (Disclosure of known lead-based paint hazards for housing built before 1978); Landlord/Agent Identity (Name and address of owner and authorized agent).
More renter resources
Sources: state statutes cited above. Data last updated 2024-01-01. Educational information only — not legal advice.