New Mexico Covenant Not to Commit Waste

State:
Multi-State
Control #:
US-1340789BG
Format:
Word; 
Rich Text
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Description

A Covenant is means a formal promise or agreement. It can be an obligation or promise made in a deed burdening or favoring the owner of a real property. Covenant also means an action to recover damages under common law for breaching a contract.
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FAQ

New Mexico is a somewhat landlord-friendly state. New Mexico has no limits for what landlords may charge for rent and may file for eviction sooner than in other states.

On the other extreme, Arkansas and West Virginia are the least renter-friendly (also known as landlord-friendly, depending on your perspective). Louisiana, Georgia, Wyoming, North Carolina, Idaho, Ohio, Mississippi, and Colorado also populate that end of the spectrum.

State law regulates several rent-related issues, including late fees, the amount of notice (at least 30 days in New Mexico) landlords must give tenants to raise the rent, and how much time (three days in New Mexico) a tenant has to pay overdue rent or move before a landlord can file for eviction.

Landlord Responsibilities in New Mexico Landlords in New Mexico are required to provide a safe and habitable living space and make requested repairs in a reasonable amount of time (7 days).

Every New Mexico tenant has the legal right to seek proper and fair housing without any kind of discrimination against them. The New Mexico landlord-tenant law also allows them to request required repairs for the unit (If it needs them).

The New Mexico Supreme Court put a pause, or moratorium, on evictions for nonpayment of rent during the COVID-19 pandemic, but in Bernalillo County the moratorium ended on March 31, 2022. After that date, courts in Bernalillo County can now order tenants to move out for lease violations including missing rent payments.

Illegal Landlord Actions: How Landlords Can Get in TroubleLocking Tenants Out Without Going to Court.Entering the Property Without Notice for Non-Emergencies.Retaliating Because of a Complaint.Raising Rent Without Required Notice.Retroactively Raising Rent.Raising Rent Above the Limit.More items...

Texas. Out of all the states landlords have found to be the most conducive to investing efforts, none may be more apparent than Texas.Indiana. One of the most landlord-friendly attributes of Indiana is the state's price-to-rent ratio.Colorado.Alabama.Arizona.Florida.Illinois.Pennsylvania.More items...

Your landlord can increase your rent by any amount if you live with them. If you think your rent increase is too high check the price of properties in your area so you know how much your rent should be on average.

In New Mexico, a tenant can be evicted for a variety of reasons, including not paying rent or violating the lease or rental agreement. However, a tenant may have a defense if faced with an eviction for not paying rent or violating the lease.

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New Mexico Covenant Not to Commit Waste