New Mexico Increase Rent Without New Lease
Description
How to fill out New Mexico 30 Day Notice Of Increase In Rent - Fixed Term Tenancy - Residential?
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FAQ
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)).
Landlords in New Mexico can end a month-to-month tenancy without legal cause with a 30-day written notice.
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%.