New Mexico landlord-tenant laws.
Notable New Mexico quirk
Deposit cap depends on lease length: a lease of exactly one year has no cap (NMSA § 47-8-18).
New Mexico landlord law FAQ
How much can a landlord charge for late rent in New Mexico?
Capped at 10% of monthly rent. Late fee terms should always be written into the lease.
What is the security deposit limit in New Mexico?
1 month (leases under 1 year) / no cap (leases of 1 year or more; interest owed on any amount over 1 month). Deposit return deadline: 30 days.
How much notice does a landlord need to enter a rental in New Mexico?
24 hours.
Is there rent control in New Mexico?
Prohibited.
Sources
Summarized from public statutes, state bar guides, and provincial residential tenancy acts.
This page is general information, not legal advice. Consult a local attorney for your specific situation.
Other states
New York
1 month's rent
North Carolina
1.5 months (month-to-month) / 2 months (longer)
North Dakota
1 month (2 in limited cases); pet deposit up to $2,500 or 2 months' rent, whichever is greater
Ohio
No cap
Oklahoma
No cap
Oregon
No explicit cap
Pennsylvania
2 months (year 1) / 1 month (after year 1)
Rhode Island
1 month's rent