New Mexico Residential Lease Agreement Template | PDF – Word
Download free the New Mexico residential lease agreement which under State law allows a person (tenant) to rent livable space from a property owner or manager (landlord) in trade for monthly rent. The contract is usually set so that each party must abide to the terms and conditions and they remain the same until the end date including the rental payment every month. It is a good idea for the landlord to make sure that the tenant is qualified to pay rent by verifying through a credit application.
Once the tenant has been qualified for the residential unit, he or she should sign an agreement and be given keys to the property after the Security and first month rent deposits are made.
Laws and Disclosures
- Lead-Based Paint Disclosure – If the housing structure was built prior to 1978, the tenant should be supplied with the disclosure information form to provide details to the tenant about the hazardous toxin.
- Uniform Owner-Resident Relations Act (Chapter 47, Article 8) – Act that covers landlord-tenant laws for the State of New Mexico.
- New Mexico Renter’s Guide – Simplified version of all residential tenancy laws.