New Mexico Lease Agreement

New Mexico Lease Agreement Forms

New Mexico Lease Agreement forms are used by New Mexico landlords and New Mexico property management companies when leasing residential property in New Mexico. The New Mexico Lease Agreement is a legal document which can be used in a court of law if there is a breach in contract by either party, so it is important to make sure your New Mexico Lease Agreement complies with all the Landlord Tenant laws in New Mexico.

New Mexico Lease Agreement - What should it Include?

The New Mexico Lease Agreement - also known as the New Mexico Residential Lease or New Mexico Rental Agreement - is one of the most important forms you will ever use in property management. The New Mexico Lease Contract must include the address of the rental property, names of the tenants who will be living there, how much rent they will be paying, and the duration of the lease agreement. It should also include details regarding the security deposit, remedies for damages or late payments, and other terms and conditions that will govern the lease agreement.

• Names of the Lessor and the Lessee
• Address of the property and description of the rental unit
• Duration of Lease Term - including Lease Start, Lease End, and Lease Renewal terms
• Rent amount, payment frequency, payment methods, due date, grace period, late rent and bounced rent policy
• Security Deposit
• Terms and Conditions of rental agreement

New Mexico Lease Agreement - What are the specific laws?

If this is your first time using the New Mexico Lease Agreement, you may want to check out the Department of Housing and Urban Department website to learn more about New Mexico tenant rights, laws and protections. Federal law requires the New Mexico Lease Agreement to include a disclosure for lead paint if the property was built before 1978. Most states also require the Landlord to disclose the existense of mold or hazardous materials on the premises. Each state has different laws, and New Mexico has some very specific rules regarding security deposits, rent withholding, lease termination, and disclosures. You can read New Mexico Rental Law to become familiar with the most important factors that must be incorporated onto the New Mexico Lease Agreement form. You may also want to read Chapter 47, Article 8 - New Mexico Statutes Annotated to learn more about the specific laws that may affect you.

New Mexico Lease Agreement - What else should I know?

The New Mexico Rental Application form can be used to screen prospective tenants before filling out the New Mexico Lease Agreement. Also the New Mexico Rental Credit Check form can be used to get authorization from the tenant to conduct a credit check. If you need help with selecting the right tenants, SimplifyEm's tenant screening solution makes it easy for New Mexico landlords and property managers to get leasing recommendations, credit reports, and criminal history for each tenant.

Download the FREE New Mexico Lease Agreement below, and be sure to let us know what you think!