This office lease provision states that the landlord has the right to cancel the lease after the expiration of the first sixty (60) months of the initial term of the lease by giving the tenant at least one hundred and twenty (120) days prior notice of such cancellation.
New Mexico Simple Cancellation Provisions for Landlord
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US-OL24051B
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How to fill out Simple Cancellation Provisions For Landlord?
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FAQ
New Mexico landlords must give tenants at least 24 hours' notice before entering. This notice must be written and it must include the purpose for entering the unit, the date of requested entry, and a reasonable timeframe for when entry will occur.
One is to provide proper written notice. It requires that the tenant serve the landlord a 30 days notice before terminating their lease. The other condition involves payment of a fee, usually the equivalent of 2 months' rent.
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.
Ing to the Fair Housing Act and the New Mexico landlord-tenant laws, the tenant cannot be discriminated against for their sexual orientation, national origin, religion, disability, race, color, or sex.
Required Landlord Disclosures in New Mexico Under New Mexico law, landlords must disclose specific information to tenants (usually in the lease or rental agreement), such as the identity of anyone authorized to act on the landlord's behalf.
To evict a tenant, a landlord must first terminate the tenancy with a notice, and then eviction lawsuit against the tenant and win the lawsuit. Because evictions are a legal matter, the landlord must carefully follow all the rules and procedures set forth in the state statutes, or the eviction might not be valid.
Landlords in New Mexico can end a month-to-month tenancy without legal cause with a 30-day written notice.
