The New Mexico roommate (room rental) agreement can be a crucial element to a harmonious relationship with fellow housemates. When people choose to live with other individuals, it is always a good idea to first decipher the rules of the property. Users of this form may note how much the newly added roommate will owe each month (for the lease payments, utilities, damage deposit, etc.), how long they are committed to stay, and what guidelines pertaining to the household that they are required to obey.

This document may be implemented when adding a new tenant to an existing roommate arrangement or at the origination of an arrangement, in which case, each new tenant would be required to fill out their own personal form. To ensure a valid record of the agreement, all tenants and the landlord/principal roommate must sign the instrument accordingly.