Rent Late Fee Calculator — New Mexico
The late fee is capped at 10% of the monthly rent. There is no statutory grace period, but the lease may provide one.
We'll check it against your state's legal cap.
Maximum lawful late fee
$150.00
Up to 10% of the monthly rent.
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.
New Mexico late fee rules
The late fee is capped at 10% of the monthly rent. There is no statutory grace period, but the lease may provide one.
Last verified June 12, 2026.
New Mexico late fee FAQ
What is the maximum late fee a landlord can charge in New Mexico?+
The late fee is capped at 10% of the monthly rent. There is no statutory grace period, but the lease may provide one. (N.M. Stat. § 47-8-15(D)).
Is there a grace period for late rent in New Mexico?+
New Mexico sets no statutory grace period, though your lease may include one.
Can a late fee exceed the legal cap if the lease says so?+
No. A lease clause that sets a late fee above the state's legal limit is generally void and unenforceable, even if the tenant signed it.
Is this late fee calculator free?+
Yes — it's free and requires no signup.