New Mexico Rental Lease

New Mexico Rental Lease Forms

The New Mexico Rental Lease is a property management form that can be used by landlords and New Mexico property management companies when they are leasing rental property to tenants in New Mexico. The New Mexico Rental Lease is a contractractual agreement between the lessor and the lessee that provides the lessee with possession and quiet enjoyment of the rental property for duration of the term in exchange for rental payments to the lessor.

New Mexico Rental Lease - What should I Know?

You can read New Mexico Rental Law to become familiar with some of the laws that govern New Mexico leases. The first thing you'll want to find out is whether your New Mexico Lease Contract is a fixed term New Mexico lease agreement or a month-to-month New Mexico rental agreement. Many New Mexico Residential Lease Agreements last for a fixed term and then automatically continue month-to-month until the tenancy is ended by the Landlord or the Tenant. You should examine your lease contract to see if it includes any terms for automatic renewal.

All New Mexico Rental Leases 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 initial agreed upon duration for the lease agreement. It should also include details regarding the security deposit and other terms and conditions that will govern the agreement.

New Mexico Rental Leases and Landlord Tenant Laws

Federal law requires New Mexico landlords to disclose any lead paint on their residential lease agreement if the property was built before 1978. You can learn more about New Mexico tenant rights and protections from the New Mexico Department of Housing and Urban Department website. Most states have very specific rules, and New Mexico is no exception. Read Chapter 47, Article 8 - New Mexico Statutes Annotated to learn more.

New Mexico Rental Leases - What else should I know?

Many New Mexico landlords and property managers use property management software to collect rent online and make sure they are getting paid on time. If problems arise and you would like to terminate your lease, you should consider using the New Mexico Notice to Quit form or the New Mexico Notice to Vacate, depending on the situation. Keep in mind that New Mexico Eviction Notice and New Mexico Lease Termination forms are not actual eviction notices and that a Writ of Possession can only be issued by the court in an unlawful detainer lawsuit.

Before signing the lease, you can use the New Mexico Rental Application form to screen prospective tenants and the New Mexico Rental Credit Check form to get authorization from the tenant to conduct a credit check. If you need help with selecting the right tenants, TReXGlobal's tenant screening solution makes it easy to get leasing recommendations, credit reports, and criminal history for each tenant. Once you are ready, download the FREE New Mexico Rental Lease below, and be sure to let us know what you think!