This office lease form describes the provision used when under certain circumstances, the landlord is unable to give possession of the demised premises on the date of the commencement of the term.
New Mexico Standard Provision Used When Delivery of the Premises Is Delayed
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State:
Multi-State
Control #:
US-OL1033
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Word;
PDF
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FAQ
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.
When a building or space is not ready by the specified date in the lease agreement due to any of these unexpected events, it is considered delayed occupancy for the tenant.
Rent and Fees Rent Increases: Rent control is banned in New Mexico (NMSA § 47-8A-1). Late Fees: 10% of monthly rent (NMSA § 47-8-15(D)). Grace Period: There is no mandatory grace period in New Mexico.
Section 47-8-37 - Notice of termination and damages. A. The owner or the resident may terminate a week-to-week residency by a written notice given to the other at least seven days prior to the termination date specified in the notice.
Disclosures ? In New Mexico, landlords must disclose certain information. This includes if they will charge any nonrefundable fees, shared utilities, and the smoking policy. Repairs ? Landlords must make repairs within seven days of being notified by the tenant. If they do not, tenants may withhold rent.
The Uniform Owner-Resident Relations Act applies to, regulates and determines rights, obligations and remedies under a rental agreement, wherever made, for a dwelling unit located within this state. History: 1953 Comp., § 70-7-8, enacted by Laws 1975, ch. 38, § 8.
In multi-unit housing, if there is separate utility metering for each unit, the resident shall receive a copy of the utility bill for his unit upon request made to the owner or his agent. If the unit is submetered, the resident shall then be entitled to receive a copy of the apartment's utility bill.
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.
