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A memorandum of lease is a recordable instrument that is used to alert third parties?such as lenders, other tenants of the property, and prospective buyers?that there is a leasehold interest encumbering a piece of real property.
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.
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.