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New Mexico Landlord-Tenant Laws

A summary of New Mexico rules for security deposits, entry notice, late fees, rent increases, and required disclosures.

This is a general summary for informational purposes, not legal advice. Laws change and local ordinances can add requirements beyond state law — verify current rules with your state's official statutes or an attorney before relying on this for an actual tenancy.

Security deposit limit1 month rent for leases under 1 year; for 1 year+ no cap but interest required if deposit exceeds 1 month
Interest on deposit requiredYes if annual lease deposit >1 month rent
Deposit return deadline30 Days days
Entry notice required24 Hours
Late fee limitNo statewide fixed cap; should be reasonable and stated in lease
Late fee grace periodNone statewide
Rent increase notice30
Eviction notice period3

Required disclosures in New Mexico

  • • Federal lead-based paint
  • • owner/agent disclosures

Sources

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