A New Mexico commercial lease agreement is a legal document that conveys the terms and conditions of a rental contract for commercial real estate. Both parties to the agreement, the landlord (individual or business that is renting out the commercial property) and the tenant (an individual or business entity who will rent the property for the purposes of conducting their business) have certain rights and obligations they must adhere to once the lease agreement is signed. The tenant will be given the opportunity to inspect the premises, survey the surrounding area, and review any pertinent codes and regulations to determine whether this commercial property will suit their business needs.

Lease Application – This application form, once filled out by a business entity, provides the landlord with all the necessary information for determining the applicant’s eligibility for tenancy.