New Mexico Landlord-Tenant Law: The Verified Rules (2026)
Every value below cites its statute and shows the date we last checked it. Where we haven't verified a rule yet, we say so — we never guess at the law.
Security deposits
Return deadline
Spot-check advised30 days
Source: N.M. Stat. § 47-8-18 · Last verified June 1, 2026 · Deposit return tool for New Mexico →
Itemized statement required
Spot-check advisedYes
Source: N.M. Stat. § 47-8-18 · Last verified June 1, 2026 · Deposit return tool for New Mexico →
Interest on the deposit
Spot-check advisedYes
Source: N.M. Stat. § 47-8-18 · Last verified June 12, 2026 · Deposit interest tool for New Mexico →
Interest rule
Spot-check advisedOn a lease of at least one year, if the deposit exceeds one month's rent, the landlord must pay annual interest at the passbook savings rate on the portion above one month's rent.
Source: N.M. Stat. § 47-8-18 · Last verified June 12, 2026 · Deposit interest tool for New Mexico →
Rent, fees, and notice
Late fee limit
VerifiedUp to 10% of rent
Source: N.M. Stat. § 47-8-15(D) · Last verified June 12, 2026 · Late fee tool for New Mexico →
Late fee grace period
Verified0 days
Source: N.M. Stat. § 47-8-15(D) · Last verified June 12, 2026 · Late fee tool for New Mexico →
The New Mexico Landlord Law Cheat Sheet
Everything on this page as a one-page PDF — plus an email when a New Mexico rule changes.
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Not legal advice. LandlordKit provides general informational tools, not legal advice. Landlord-tenant laws change and vary by city and county. Verify the cited statute and consult a licensed attorney before acting on any result.