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New Mexico Month-to-Month Lease Agreement

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Updated on August 24th, 2022

A New Mexico month-to-month lease agreement is a contract between a landlord and tenant that establishes terms for the renting of residential real estate on a monthly basis. A month-to-month lease has no fixed term and renews automatically unless sufficient notice is given. To terminate the agreement, either the landlord or tenant must deliver a termination notice to the other at least thirty (30) days in advance of the periodic rental date. Unlike a standard lease, neither party is obligated to explain their reason for termination. The flexibility afforded in a monthly lease favors temporary employees, students, and other individuals who may need to vacate on short notice.

Notice for Terminating (§ 47-8-37(B)) – Thirty (30) Days

Tenant Screening – New Mexico Rental Application

Disclosures (2)

  1. Lead-Based Paint
  2. Owner Disclosure

1) Lead-Based Paint Disclosure

This disclosure is used to report the existence of lead-based paint on the premises and is needed if the property was constructed before 1978.

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2) Owner Disclosure

At or before the start of the lease term, the landlord must disclose to the tenant the name, address, and phone number of the property manager as well as the building owner or another person permitted to act on behalf of the owner to accept official notices, demands, and court-issued documents.