New Mexico Month to Month Rental Agreement Form

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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. If either party would like to cancel, it’s recommended to send via certified mail through a termination letter.

Minimum Termination Period – 30 days

Laws – § 47-8-37

How To Write

Step 1 – Download the document –

  • Begin at the top of the document by entering the landlord’s name
  • Enter the name of the tenant
  • Enter the date of the document in mm/dd/yyyy format
  • Read the remainder of the paragraph and continue

Step 2 – Premises – Enter the address of the property to be rented as follows:

  • Street Address
  • City

Step 3 – Lease Term – Since this is a month to month arrangement you must only enter:

  • The starting date of the lease – only to end with at least a 30 day notice from one to the other

Step 4 – Lease Payments – Enter the following:

  • Amount to be paid to the landlord by the tenant each month due on the 1st day of each month
  • Read the remainder of the paragraph

Step 5 – Late Charges – Enter the following information:

  • The date the rent is due
  • The amount (per day) that will be charged until the rental amount is brought current
  • Enter a date that would place the tenant in breach of contract if payment is not satisfied

Step 6 – Insufficient Funds –

  • Enter the amount that the tenant must pay if a check is returned to the landlord

Step 7 – Titled Sections – Both parties must carefully review all of the following sections. If any entries must be made, enter them as you’re reviewing the information:

  • Defaults
  • Quiet Enjoyment
  • Possession and Surrender of Premises
  • Use of Premises
  • Occupants
  • Condition of Premises
  • Assignment and Sublease
  • Dangerous Materials
  • Utilities and Services (landlord must check the utilities and services they shall be responsible for and write in any additional services, if any)
  • Pets – If pets are allowed, enter the amount of the pet deposit required
  • Alterations and Improvements
  • Damage to Premises
  • Maintenance and Repair
  • Right of Inspection
  • Holdover
  • Abandonment – Enter the amount of consecutive days that would constitute the definition of abandonment of the property
  • Extended Absences
  • Security
  • Severability
  • Insurance
  • Binding Effect
  • Governing Law
  • Entire Agreement
  • Notice
  • Cumulative Rights
  • Waiver
  • Indemnification
  • Legal Fees
  • Display of Signs
  • Noise – Enter the hours in which delivery and removal of furniture will be allowed
  • Parking – Check the appropriate box – if there is parking, specify how many vehicles are allowed to park normally
  • Balconies – Check the appropriate box
  • Bicycles
  • Locking of Entrance Doors
  • Dwelling
  • Water Leaks
  • Additional Terms and Conditions – If the landlord has additional information with regard to rules and regulations, enter them in the lines provided prior to provision of signatures
  • Signatures –

Landlord –

  • Signature
  • Printed name
  • AND
  • Tenant(s)
  • Signature(s)
  • Printed Name(s)