NM Owner-Resident Act, NMSA § 47-8
Free New Mexico residential lease template.
New Mexico caps deposits at 1 month rent for leases under a year (NMSA § 47-8-18); larger deposits for longer terms require annual interest. Late fees are capped at 10% of rent, entry needs 24 hours notice, and nonpayment requires a 3-day notice.
Download blank New Mexico lease (PDF)
Free download. 4 statute citations, 2 required disclosures included.
What is in this New Mexico template
Every blank section maps to a controlling statute. Where New Mexico law requires verbatim text (e.g., ), the template includes that text exactly as the statute prescribes - do not edit it.
NMSA § 47-8-18
Deposit cap + interest
1× for leases < 1 year; interest if larger for longer term.
NMSA § 47-8-15(D)
Late fee cap
Capped at 10% of rent.
NMSA § 47-8-24
Notice to enter
24 hours.
NMSA § 47-8-33
Nonpayment notice
3-day notice.
Required disclosures in New Mexico
- ·Owner/agent identification (§ 47-8-19)
- ·Federal lead-paint (pre-1978)
Quick reference for New Mexico landlords
| Security deposit cap | 1× (leases < 1 yr) |
|---|---|
| Deposit return deadline | 30 days from move-out |
| Notice before entry | 24 hours (NMSA § 47-8-24) |
Want us to fill this in for you?
The New Mexico template above is the same legal foundation we use in our $49 generator. The paid service adds: real validation against New Mexico law (we will not let you write a $4000 deposit if the cap is 1× (leases < 1 yr)), automatic late-fee math, custom "Additional Provisions" that you write reformatted into proper numbered subsections, polished preview before payment, and 7-day money-back guarantee.
Start the $49 generator →LeaseDrafts is a document generator, not a law firm, and does not provide legal advice. This template is based on the New Mexico landlord-tenant code as of the date shown on the document. Always review the final lease with a licensed New Mexico attorney before using it.