New Mexico landlord law

A summary of the numbers that come up most often. For anything you plan to act on, verify against current statute or with counsel in New Mexico.

Security deposit cap

1 month's rent (for leases under 1 year)

Notice to pay or quit

3 days

End month-to-month tenancy

30 days

Rent control

Preempted statewide

Source-of-income protection

No statewide protection

Notes

Interest must be paid on deposits held over 1 year.