New Mexico Increase Rent For Section 8
Description
How to fill out New Mexico 30 Day Notice Of Increase In Rent - Fixed Term Tenancy - Residential?
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Income Limits for Section 8 Housing in New Mexico Household SizeVery Low Income (50% of Median)Low Income (80% of Median)1$21,500$34,4002$24,550$39,2503$27,600$44,1004$30,650$48,9004 more rows ?
Like most states, New Mexico requires landlords to give 30 days' notice to increase rent for fixed-term tenancies. The notice should be provided 30 days prior to the end of the leasing term (NMSA § 47-8-15(F)).
?A rent increase may be requested at any time after the first twelve months of the lease by sending a 60-day notice of the increase to the tenant and sending a copy of that notice to SHRA, along with a RFTA Supplemental form (linked below.)
Rent ? New Mexico prohibits rent control on state and local levels, so landlords may charge whatever they deem reasonable for rent. There are also no limits for raising rent, but they must notify month-to-month tenants at least 30 days before the new rent takes effect.
Rent ? New Mexico prohibits rent control on state and local levels, so landlords may charge whatever they deem reasonable for rent. There are also no limits for raising rent, but they must notify month-to-month tenants at least 30 days before the new rent takes effect.