Everything you need to know about landlord-tenant laws, security deposits, eviction procedures, and property management in New Mexico.
New Mexico's rental market centers on Albuquerque and Santa Fe, with Las Cruces as a secondary market. The state has a 1-month security deposit limit and follows the Uniform Owner-Resident Relations Act. Santa Fe's tourism and arts scene create unique rental dynamics. Albuquerque's economy includes tech, healthcare, and government sectors. New Mexico is moderately landlord-friendly with some tenant protections.
1 month rent (for leases under 1 year); no limit for longer
30 days after move-out
File suit for possession in Metropolitan or Magistrate Court. Hearing within 7-14 days. Standard eviction takes 3-5 weeks.
New Mexico law requires landlords to provide the following disclosures to tenants:
Cannot exceed 10% of monthly rent. Must be stated in lease.