Free New Mexico Rental Lease Agreement Templates (7) | PDF | Word

New Mexico Rental Lease Agreement Templates (7)

A New Mexico lease agreement clarifies the information regarding a rental transaction. Its completion grants an individual (tenant) permission to use a property owner’s (landlord’s) space for a specified duration and price. Before executing the document, both parties may negotiate its terms to confirm a mutual understanding.

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Last updated February 26th, 2026

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A New Mexico lease agreement clarifies the information regarding a rental transaction. Its completion grants an individual (tenant) permission to use a property owner’s (landlord’s) space for a specified duration and price. Before executing the document, both parties may negotiate its terms to confirm a mutual understanding.

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Lease Agreements By Type (7)

Association of Realtors Version: The Realtors Association of New Mexico provide a customizable lease that explicitly lists the provisions to renting a property.

Download: PDF
Commercial Lease Agreement: Documents the use of commercial space for a time period that is contingent on monthly compensation.

Download: PDF, Word (.docx)
Lease to Own Agreement: Defines the conditions and terms for renting a property while offering a chance to purchase.

Download: PDF
Month-to-Month Lease: Presents the rental conditions for property, as well as allowing termination with 30 days’ notice.

Download: PDF, Word (.docx)
Roommate Agreement: Explicitly guarantees the rental of a residence as a cohabitant.

Download: PDF, Word (.docx)

Standard Lease Agreement: A model contract for the purpose of securing the right to rent property.

Download: PDF, Word (.docx)
Sublease Agreement: Dispenses the rental provisions between sublandlord and subtenant while documenting landlord approval.

Download: PDF, Word (.docx)

Additional Forms

Broker Duties Disclosure (Form 1401): Rental property lease brokers provide this to the parties they represent in order to inform them of their duties.

General Addendum (Form 2300): Landlords use this paperwork whenever they must provide additional information to a lease.

Property Management Agreement (Form 6102): Landlords/Owners use this form to define terms whenever seeking property managers.

Required Landlord Disclosures

Identification of the Landlord or Authorized Agents (§ 47-8-19): The state requires the name, address, and contact information for the owner of a property are explicitly put in writing.

Lead-Based Paint (42 U.S. Code § 4852d) – Properties built before 1979 are held to the standard of providing informative materials on lead-based paint and its effects on human health.

When is Rent Due?

Grace Period: New Mexico explicitly states rent is due whenever the lease mandates “unless otherwise” is in the lease (NM Stat § 47-8-15).
Unpaid Rent: Landlords serve a 3-day notice of nonpayment, which also warns that nonpayment results in lease termination (NM Stat § 47-8-33).

Late Fees

New Mexico allows up to a %10 (of rent) late fee, but only the exact fee in the lease is accordingly applicable (NM Stat § 47-8-15).

NSF Fees

The landlords require tenants to reimburse bank fees, pay the lease late fee, and submit the check amount accordingly (NM Stat § 47-8-15)

Security Deposit Maximum ($)

A lease that is one year or less may not require more than one month’s rent; however, if more than one month is requested, the landlord must also return the “Passbook savings” interest rate on the amount (NM Stat § 47-8-18).

Security Deposit Return

Returning to Tenant: Landlords have 30 days to return the deposit, as well as applicable interest after the later of:

Itemized List: In addition to the deposit, the landlord must produce an account of all deductions from the security amount (NM Stat § 47-8-18).

Landlord’s Right to Enter

Standard Entry:Landlords must gain consent to enter as well as give 24 hours’ notice before they do so (NM Stat § 47-8-24).
Emergency Entry: Landlords may enter a residence without consent whenever an emergency situation requires immediate attention (N.M. Stat. Ann. § 47-8-24(B))

Absences

Landlords consider a case of abandonment whenever there is a 7-day absence, and rent is overdue (NM Stat § 47-8-3)

Repair and Deduct

Tenants may not deduct from the rent to repair, but issue a 7-day notice and then pursue landlords in court (NM Stat § 47-8-27.1).

When a Tenant Terminates the Lease (early)

Duty to Mitigate: Landlords must live up to their mitigation duties by reletting the property accordingly (NM Stat § 47-8-6).
Domestic Violence: New Mexico allows early termination with 30 days’ notice with a court protection order or documentation from a domestic violence advocate ((NM Stat § 47-8-33), (2021 N.M. S.B. 338, § 2).
Military Service: Service members terminate leases with 30 days’ notice whenever they must move to obey orders.
Landlord Noncompliance: Material noncompliance with a lease contract is grounds to terminate if the landlord does not attempt to correct the problem after a 7-day notice (NM Stat § 47-8-27.1).
Landlord Harassment: Tenants can terminate a lease over landlord harassment, especially unreasonable entry (NM Stat § 47-8-24).
Inhabitability: Tenants give the landlord a 7-day notice to remedy the habitability issue; however, can only terminate if no reasonable attempt is made (NM Stat § 47-8-27.1).

Is an Oral Lease enforceable?

Oral leases are enforceable in New Mexico; however, after 5 years, they must be put in writing (NM Stat § 14-9-1).

Renewing a Lease

No “political subdivision” or “home rule municipality” may enact rent control requirements during rent renewals or otherwise (N.M. Stat. Ann. § 47-8A-1(A)).

Unclaimed Property

Landlords must send a 30-day notice to remove property to abandoning tenants; however, landlords can dispose of property 3 days after a successful eviction (NM Stat § 47-8-34.1).

Landlord-Tenant Laws

For questions surrounding real estate leasing relationships and approach to proper conduct, survey the New Mexico Renter’s Guide – a Handbook for Tenants and Landlords.
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