United States · NM
New Mexico landlord-tenant laws.
The key statutes you need to know as a New Mexico landlord — deposit caps, late fees, entry notice, and required disclosures at a glance.
Notable New Mexico quirk
Deposit cap depends on lease length.
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 ≤ 1 year) / no cap (leases > 1 year). The deposit must be returned within 30 days after move-out.
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.