This office lease clause is a landlord-oriented electricity clause. It provides a considerable profit center for the landlord and picks up most of the characteristics and issues where the lessee agrees that lessor may furnish electricity to lessee on a "submetering" basis or on a "rent inclusion" basis.
New Mexico Profit Maximizing Aggressive Landlord Oriented Electricity Clause
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US-OL17024
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Withholding Rent: If repairs are not made, tenants may withhold rent, but they must have legitimate reasons and be prepared to pay within three days if the court decides against them.
A New Mexico eviction process does not allow a landlord to evict a tenant without good cause. As long as the tenant does not violate any rules, they can stay until their rental period ends. However, if a tenant overstays their lease term without applying for a renewal, they can be evicted.
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.
Tenant Rights to Withhold Rent in New Mexico Tenants may withhold rent if a landlord fails to take care of important repairs, such as a broken heater. For specifics, see New Mexico Tenant Rights to Withhold Rent.
If the landlord fails to complete the repairs within 7 days, you can abate (withhold) one-third of your rent on a pro- rated daily basis. If reasonable steps are not taken to make the repairs within 7 days, you can terminate the rental agreement.
Yes, this state is considered landlord-friendly since landlords have more freedom while managing rent prices and leasing conditions. On the other hand, the rental market in New Mexico is highly competitive, allowing landlords to promote their properties to more prospective tenants.
Notice of Entry ? Landlords must provide tenants with a 24-hour notice before entering the property unless it is an emergency. Disclosures ? In New Mexico, landlords must disclose certain information. This includes if they will charge any nonrefundable fees, shared utilities, and the smoking policy.
Lower taxes, less security deposit regulations, and shorter eviction processes all make a state more landlord-friendly. We've decided that Alabama, Arizona, Colorado, Florida, Georgia, and Texas are the most landlord-friendly states.