New Mexico Rental Application Template
The New Mexico rental application allows a landlord to review a potential tenant’s credit, background, and employment history to see if they are viable for a lease agreement. The landlord should request any previous lessors of the tenant as references to see how they paid (on-time, late, etc.) and if they left the premises in good condition upon vacating. After approving the tenant for a lease, the landlord should draft an agreement and demand a security deposit. According to § 47-8-18, a property owner/manager may only ask for the equivalent of one (1) month’s rent for the initial deposit.