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Albuquerque New Mexico Assignment of Lease Package

Category:
Landlord Tenant - Leases - Assignments
State:
New Mexico
City:
Albuquerque
Control #:
NM-P032-PKG
Format:
Word; 
Rich Text
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Description

This package contains the forms that are useful and necessary for parties to assign their interest in a leasehold property. With your Assignment of Lease Package, you will find the essential forms to assist you in assigning a leasehold interest to another party. The documents in this package include the following:


1) Assignment of Lease from Lessor with Notice of Assignment and


2) Landlord Consent to Assignment of Lease.



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  • Preview New Mexico Assignment of Lease Package
  • Preview New Mexico Assignment of Lease Package
  • Preview New Mexico Assignment of Lease Package
  • Preview New Mexico Assignment of Lease Package

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FAQ

Landlord may increase rent once every 12 months, limited to 3% of the current rent, or the regional Consumer Price Index (CPI), whichever is higher. Rent increases are expressly subject to the provisions of AB 1482 California Tenant Protections Act (Cal. Civ.

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.

Rent Increases & Fees in New Mexico The law bans rent control throughout the state, allowing all landlords to set rent and increase it with proper notice.

Every New Mexico tenant has the legal right to seek proper and fair housing without any kind of discrimination against them. The New Mexico landlord-tenant law also allows them to request required repairs for the unit (If it needs them).

A free telephone legal helpline as well as online information source for low-income New Mexicans with civil legal problems including landlord/tenant issues such as eviction, repairs and security deposit. 1-800-340-9771.

Over 30% of households in New Mexico live in rental properties according to Census ACS data. The state is somewhat landlord-friendly as there are no rent control laws and evictions may take less time than in other states. All US states, including New Mexico, have a statewide Landlord-Tenant law in place.

This year, the rules say rents can be increased by last September's Consumer Price Index (CPI), plus an extra 1%. The CPI is a common measure of inflation and in September 2021 was 3.1%. This means that most rents will increase by 4.1% from April 2022.

Every New Mexico tenant has the legal right to seek proper and fair housing without any kind of discrimination against them. The New Mexico landlord-tenant law also allows them to request required repairs for the unit (If it needs them).

Landlords are required to provide the tenant with a written itemized list of each deduction from the security deposit and to return the remaining security deposit to the tenant within 30 days of termination of the tenancy.

Lay a complaint with the Rental Housing Tribunal The Tribunal is set up in terms of the Rental Housing Act 1999 No. 50 and states that ?any tenant or landlord or group of tenants or in the prescribed manner lodge a complaint with the Tribunal concerning an unfair practice.?

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