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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.
The renewal can't continue if either party does not agree with the new terms. And yes, landlord reserves the right not to continue renting the unit too and tenant would have to vacate the premises upon the end of the lease.
A New Mexico month-to-month rental agreement is a legal document that is created between a landlord and tenant that allows either party to cancel the contract with 30 days' notice. The document offers the same protections by law for both parties as a standard lease.