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New Mexico landlord-tenant law.

Updated August 2026. State law bars any city or county from adopting rent control or rent stabilization ordinances (Rent Control Preemption Act, NMSA 1978 47-8A-1), so none exist anywhere in the state.

Deposit limit

For leases shorter than one year, the deposit cannot exceed one month's rent. For leases of one year or longer there is no statutory cap, but any amount over one month's rent must earn passbook savings interest paid to the tenant annually (NMSA 1978 47-8-18).

Deposit return

Landlord must return the deposit with an itemized list of any deductions within 30 days after the tenant vacates (NMSA 1978 47-8-18).

Notice to pay

If rent is unpaid when due, the landlord must give 3 days' written notice of nonpayment and intent to terminate before the resident must vacate or the landlord can proceed with eviction (NMSA 1978 47-8-33).

Landlord entry

For routine, non-emergency entry, the owner must give at least 24 hours' advance written notice stating the purpose and a reasonable date and time frame; no notice is required in an emergency (NMSA 1978 47-8-24).

This guide is general legal information for landlords, not legal advice. Statutes change and local ordinances can add stricter rules on top of state law. Confirm any requirement with the current statute or a licensed attorney in your state before acting on it.

Run your New Mexico rentals on Sahab Key.

Collect rent and track leases for two dollars a unit a month, with a fifty dollar monthly minimum.