New Mexico Increase Rent With Withhold
Description
How to fill out New Mexico 30 Day Notice Of Increase In Rent - Fixed Term Tenancy - Residential?
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FAQ
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 withholding may occur ing to N.M. Stat. Ann. § 47-8-27.2 if a landlord is notified and does not fix a problem affecting the habitability of the unit or health and safety of its occupants within 7 days, a tenant may withhold a pro-rata share of the daily rent from one-third to 100%.
Normal wear and tear is deterioration that occurs based upon the use for which the rental unit is intended, without negligence, carelessness, accident, abuse or intentional damage of the premises.
Upon termination of the tenancy, landlords may deduct from the security deposit any remaining rent that is due and the cost of repairs for damages caused by the tenant.
Withholding Rent: If repairs are not made, tenants may withhold rent, but they must have legitimate reasons and be prepared to pay within three days if the court decides against them.