New Mexico Landlord-Tenant Law
The rules New Mexico landlords ask about most — deposits, late fees, and required notices — in plain English.
Security deposit limit
1 month's rent
Deposit return deadline
30 days
Cap applies to leases under 1 year; no limit for terms of 1 year or more
Late fee rules
Max 10% of rent
Pay-or-quit notice (nonpayment)
3 days
Rent increase notice (month-to-month)
30 days
Not legal advice. This is general information for landlords and laws change — local ordinances (rent control, fee caps) may add rules. Confirm the current New Mexico statute or consult an attorney before acting.
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