THE BUSINESS OF REAL ESTATE

NM landlord resources

New Mexico landlord law references

Deposit rules, notices, licensing and disclosures listed in the supplied New Mexico dataset.

Dataset review pending. These supplied references have not been independently verified. Educational information only, not legal, tax or financial advice.

Calvin Cannon Jr. at his desk with a Philadelphia board behind him
Calvin Cannon Jr., The Business of Real Estate. Coaching photograph, not a property in New Mexico.

New Mexico: Security deposits

N.M. Stat. 47-8-18(A)(2): for agreements under one year, deposit may not exceed one month's rent. For one year or more there is no dollar cap, but a deposit over one month's rent requires annual passbook-rate interest (47-8-18(A)(1)). Itemized statement/balance due within 30 days (47-8-18(C)-(D)).

For annual agreements where the deposit exceeds one month's rent, the owner must pay annual passbook-rate interest (N.M. Stat. 47-8-18(A)(1)).

The uploaded dataset lists a deposit-return period of 30 days. Review the cited rule for the applicable conditions and timing.

New Mexico: Notices and tenancy endings

3-day written notice for nonpayment before termination and an action for restitution; tenant may cure within 3 days (N.M. Stat. 47-8-33(D)).

7-day notice to cure a material lease violation (47-8-33(A)). To terminate a periodic tenancy (47-8-37): 30 days month-to-month, 7 days week-to-week.

Court listed in the supplied dataset: Magistrate Court (Metropolitan Court in Bernalillo County).

New Mexico: Rent regulation

N.M. Stat. 47-8A-1: political subdivisions and home-rule municipalities may not control rental rates on private property (government/subsidized exceptions).

New Mexico: Licensing and registration

No statewide landlord/rental-license requirement identified.

New Mexico: Lease disclosures and receipts

Lead paint (federal)

Sources supplied for New Mexico

Dates below are verification dates claimed in the uploaded dataset, not a new review by Calvin's team.

Offices listed in the dataset

Landlord education in New Mexico