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New Mexico real estate laws

HomeNew Mexico Real EstateNew Mexico real estate laws

New Mexico real estate laws are a set of statutes surrounding diverse aspects, similar to that of the other states in the US.

Tenant and landlord issues are common and crucial among all the real estate laws and have diverse aspects to discuss.

Laws regarding the security deposits:

Laws about the security deposits in New Mexico are classified into two categories.

They include:

  • The amount deposited as a security is generally a month’s rent, if the renting period is less than a year.
  • The time period for the return of the security deposit upon clearance by the tenant and

the termination of the agreement is generally 30 days.

Important: The articles available on are neither legal advice nor a replacement for an attorney. The contents are general information and guidance concerning different legal issues. We make sure that these articles prove helpful to you, but we do not promise or guarantee that they are suitable for your condition. We also do not take responsibility for any loss that might cause to you using these articles. Hence, we strictly suggest you get expert legal advice. Consult or hire an attorney in case of any doubt.