New Mexico allows landlords to charge up to 10% late fees after just a 3-day grace period. Security deposits are capped at 1 month for shorter leases.
Disclaimer: This information is for general guidance only and may not reflect recent legislative changes. Always consult a licensed attorney for advice specific to your situation and locality.
24 hours
Before entering the unit
30 days
Before raising rent
10% of monthly rent after 3 days
After grace period
3 days
Before late fees apply
3 days
Pay-or-vacate (non-payment)
Yes, if agreed in lease
Text, email, or app
Maximum Deposit
1 month (lease under 1 year)
Return Deadline
30 days
After tenant move-out
24-hour notice required before entry
3-day grace period; late fee up to 10% of monthly rent
3-day pay-or-vacate for non-payment
Security deposit capped at 1 month (leases under 1 year)
Electronic notice valid if agreed in lease
Written notice; electronic if agreed
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