New Mexico landlord guide
Deposit limits, entry notice, termination notice and rent increase rules for New Mexico, with the sources they come from.
New Mexico landlord-tenant rules at a glance
- Security deposit limit
- 1 month's rent if term is under 1 year; no cap for 1-year leases
- Deposit return / claim rule
- 30 days
- Deposit interest
- Annual passbook-rate interest if deposit exceeds 1 month's rent
- Notice before entry
- 24 hours' written notice with purpose and time (47-8-24)
- Ending a month-to-month
- 30 days written notice; 7 days week-to-week (47-8-37)
- Notice before a rent increase
- 30 days written notice before the rental date (47-8-15)
- Late fees
- Max 5% of rent per period; notice by end of next period (47-8-15)
- Rent control
- Rent control prohibited statewide (NMSA 47-8A-1)
General information from the Uniform Owner-Resident Relations Act (NMSA 47-8-1 et seq.), last reviewed 2026-08-21. Not legal advice; municipal bylaws can add requirements.
Create a New Mexico lease agreement
RentMouse builds a residential lease agreement from guided questions and shows the New Mexico rules beside the decisions they affect, then sends it for electronic signature. Track rent, repairs and tenants in the same free landlord workspace. Online lease agreements · Rent tracking · Start free