New Mexico Residential Lease Agreement
The New Mexico standard residential lease agreement is the most common used rental contract as it is for a term of one (1) year and allows the landlord and tenant to come to terms over the usage of livable space. The landlord will typically ask for the tenant’s personal, financial, and background information with the rental application to see if they approve of the potential lessee’s character. If the tenant is approved, the landlord will write a lease agreement and, at their sole discretion, ask for a Security Deposit which may not be more than the equivalent of one (1) month’s rent (Statute 47-8-18).
Types of Forms
- Association of Realtors Residential Lease Agreement – Adobe PDF
- Standard Residential Lease Agreement – Adobe PDF, Microsoft Word (.doc)
Disclosures and Forms
- Lead-Based Paint – Required if the premises was built before 1978.
- Move-in Checklist – Not required but recommended to be given to the tenant to allow them to mark down any repairs needed currently on the property to enable the safety of their security deposit.