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.
Template information updated September 2026.
Download blank New Mexico lease (PDF or Word)
Free download. 4 statute citations and 2 state-specific disclosures included. Email is required for access; marketing consent is optional.
What is in this New Mexico template
The template is organized around the state statutes summarized below and identifies state-specific disclosures such as Owner/agent identification (§ 47-8-19) and Federal lead-paint (pre-1978). Some notices use prescribed statutory wording and should not be removed without checking the cited law.
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) |
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The New Mexico template above uses the same document foundation as our $49 generator. The paid service fills the agreement with your property and party information, checks form completeness and applicable deposit limits, organizes your custom Additional Provisions, provides a polished preview before payment, and includes a 7-day money-back guarantee.
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Is the template really free?
Yes. An email address is required to access the download, but creating an account and joining marketing emails are not required.
Can I edit it in Microsoft Word?
Yes. Choose DOCX for an editable file that opens in Word, Google Docs, Apple Pages, or LibreOffice. Choose PDF for printing or signing as-is.
Does it cover local city rules?
It covers the statewide foundation described on this page. Cities and counties may impose additional rent-control, disclosure, licensing, or eviction requirements, so check the rules where the property is located.
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.