New Mexico Standard Residential Lease Agreement Form

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The New Mexico Standard Residential Lease Agreement is a legal document. It’s not without all of the rules and regulations, but it is easier to complete than most rental agreements. There is a lot of fine print so if you aren’t certain what you’re signing, it could be beneficial to consult with an attorney.

Laws – Owner-Resident Relations (Section 47-8-1 through 47-8-52)

How To Write

1 – Obtain The Required Documentation

Find the buttons just below the image preview on the right. You may utilize these buttons to open or download this form as the file type you prefer to work with. You should make sure to have all the information regarding the Landlord, Tenant(s), Property, and agreed upon terms handy for reference. The information recorded on this form will need to reported accurately. All relevant parties should read this form once it is completed before signing it.

2 – Identify The Landlord

Locate the first paragraph, then on the first blank space, enter the Full Name of the Landlord issuing this lease.

The second line in the first paragraph will require the Physical Street Address of the Landlord to be recorded in the space before the words “Street Address” and the City where the Landlord’s Street Address is located after the words “City of.”

3 – Supply Tenant And Occupant Information 

There will be a set of blank lines below the word “And.” Use these spaces to record the Full Name of each Tenant. Every Tenant intent on signing this lease must have his or her Name documented in this area.

The next segment of this document, labeled “Occupants,” requires the Name of each Occupant who will live with the Tenant(s) but will not sign the Lease (i.e. Tenant’s Children or Relatives).

4 – Document Leased Property Information

Define the type of Property the Landlord will lease to the Tenant(s), on the first blank line, in the paragraph labeled “Offer To Rent.” Examples include: Apartment, 1st floor in Two Family House, House, etc.

Next, report the exact Street Address of the Property that will be leased, through this contract, to the Tenant(s) using the blank space preceding the words “Street Address.”

The next line will contain two blank spaces one following the words “City of” and the other following the words “State of.” Report the City and State where the leased Property is located.

Finally locate the line starting with the words “…consisting of” then enter the Number of Bathrooms in the Property being leased on the first available blank space. The second blank space, preceding the words “Bedrooms,” report the total number of bedrooms in the Property to be leased.

The next section requiring attention is “Furnishings.” Here, you must mark the check box defining the status of furnishings the Landlord will provide for rent with the premises. If the Landlord will provide any furnishings, mark the first check box then document the furnishings supplied on the blank lines provided. 

If not, then check the second check box, labeled “Not furnished,” on the top of the next page.

Some Appliances may be furnished depending upon such factors as the Landlord/Tenant Agreement initially made and/or the requirements of the County or State where the Property is located. The section labeled “Appliances,” will give an opportunity to define the status of Appliances provided by the Landlord. If the Landlord will provide appliances during the rental period to the Tenant on the Property, then mark the first check box (in this section) and provide a report on the Appliances accompanying the rental property on the blank lines provided.

If the Landlord will not provide the Tenants with any Appliances on the premises, then mark the second box (labeled “Not provide any appliances on the Premises”).

5 – Define The Term And Finances Involved 

The section labeled “Lease Term” will require that some crucial information be supplied. Here it will be time to define precisely when the Landlord will be renting the property to the Tenant(s). Using the first three spaces after the words “…shall begin on,” report the Calendar Day of the Month, the Month, and the Year when the Tenant will first occupy the Premises as a result of this Lease Agreement.

It will be equally important to define when this Lease will naturally terminate. Also, in the “Lease Term” section, locate the next three blank spaces then report the last Calendar Date, Month, and Year of the last day this Lease will be considered active.

The next section, “Rent,” will require the Monthly Rent the Landlord expects to be paid by the Tenant to be entered on the blank line following the Dollar Sign and before the words “US Dollars”

Next on the blank space immediately after the words “Rent will be due on the,” report the Calendar Day of the Month when the Rent will be due.

Finally, use the blank lines provided after the words “…following instructions” to define how the Tenant must pay and deliver the monthly rent.

Next, in the section designated as “Non-Sufficient Funds (NSF Checks),” mark the first check box if there will be a
Fee charged to the Tenant for bouncing a check. If so, the fee must be reported on the blank line following the dollar sign. If there will be no additional fee assessed in the event the Tenant’s Check is rejected for insufficient funds, then mark the second box.

If there will be a fee assessed should the Tenant Pay the Rent Late, then mark the first box in the “Late Fee” section and record the Penalty on the blank line. The next blank space will require the allowed grace period in paying the Rent. If there is not grace period and the Tenant must pay the rent on the due date, enter “0.” If there will be no Late Fee at a time the Tenant does not pay the rent on time, then mark the second box.

The top of the following page will begin with the words “First (1st) Month’s Rent.” If the Tenants must pay the First Month’s Rent upon the signing of this Lease, then mark the first check box. If not, and the Tenant(s) may pay on the First Day of the Lease Term, then mark the second box.

If the Tenant must submit a Pre-Payment, once this lease is signed, then mark the first box in the “Pre-Payment” section. You will also need to define the time period this Pre-Payment applies to by entering the first date of the Prepaid period on the first three blank spaces then report the last date of the prepaid period (utilizing the last three blank spaces).

If the Tenant will not have this opportunity and does not have to meet this obligation, then mark the second box in this section.

The “Proration Period” will provide an area to report terms in the event the Tenant(s) will move in before the Lease Term. If so, the first box must be marked, the Date the Tenant(s) will move in must be entered on the first three blank lines, and the Dollar Amount the Tenant must Pay should be reported on the space following the dollar sign.

If not, then mark the second box.

In the “Security Deposit” section, record how much the Tenant must submit as Security to the Landlord on the first blank space in this section. The second blank space in this section must have the number of days after the natural termination of the Lease when this Amount must be returned.

6 –  Report The Details Of The Lease Agreement

Next, we will need to document the status of the “Move-In Inspection.” Locate this section by finding the words “Move-In Inspection” on page four. If the Landlord and Tenant have agreed to do a walk through to document any current damages or necessary repairs, then mark the first check box. If not, then mark the second check box.

The following page will also need one or two things defined. Find the word “Parking,” in bold near the top of the page. If the Landlord will provide the Tenant with Parking spaces, then mark the first check box. This selection will require the Number of Parking Spaces entered on the first blank space then, a report on the dollar amount the Tenant must pay for the Parking space on the next blank space,  Also, there will be two check boxes in this section. If this is a lump sum due upon this Lease’s finalization, then mark the check box preceding the words “…at the execution.” If this amount is due on a monthly basis, then check the second box in this selection. Finally, provide a description of the Parking space on the blank line provided.

If the Landlord is not providing parking, then mark the box labeled “Shall not provide parking.”

Now, in the “Sale of Property” section, indicate if a new Owner who has purchased the property (being leased by the Tenant) may terminate the Tenant’s Agreement by marking the first check box and entering the Number of Days’ Notice the Tenant must receive of the Termination Date. 

If a new Owner will not retain the right to terminate this agreement prematurely, then mark the check box for the second statement.

List all the Utilities the Landlord will provide or pay for to the Tenant on the blank lines in the “Utilities” section. 

The “Early Termination” section will detail whether there will be a penalty if a Tenant breaks the lease by moving out and not paying anymore rent as agreed before the Termination Date listed earlier. If there will be a Termination Penalty, then mark the first the check box, preceding the words “Shall have the right…,” then enter the number of Days’ Notice the Tenant must present in writing in the space after the words “…at least.” Then, use the blank space with the Dollar Sign to record the Penalty the Tenant must pay for terminating this agreement early. If there will be no Penalty Fee levied on the Tenant for Early Termination, then mark the check box labeled “Shall not have the right to terminate this Agreement.”

The “Pets” section will also present two selections which the preparer should choose from. If the Tenant will have the right to have Pets, then select the first choice, enter the number of Pets the Tenant(s) may have in the blank line next to the words “# of Pets.” Then on the next blank line, just before the words “Types of Pets Allowed,” enter the Types of Pets the Tenant(s) will be allowed to have. If there is a limit to how much the pets may way, record this weight limit in the space before the word “pounds.” Oftentimes, there will a fee or security that pet owners must pay when leasing a property (especially apartments). Locate the Dollar Sign in this selection then enter the amount the Landlord must receive from the Tenant on this line. Finally, mark the checkbox before the word “refundable” or mark the checkbox just before the word “non-refundable” to indicate if the Tenant will receive this sum back once the Lease has terminated. If the Tenant will not be given the right have Pets anywhere on the Premises, then mark the second check box (found at the top of the next page). 

This lease will provide an area to document the “Smoking Policy.” If the Tenant(s) is allowed to smoke, then select the first choice (beginning with the word “Permitted”) and record the property areas on the blank line in this selection. If there is No Smoking allowed on the property, then select the second choice (beginning with the word “Prohibited.”

The next section requesting definition is the “Waterbeds” section, if the Tenant(s) may keep a Waterbed on the Premises, mark the first choice.If not, then mark the check box for the second statement.

Locate the blank line beneath the words “Landlord’s or Agent’s Mailing Address” then enter the Mailing Address the Tenant should mail all official Notices to regarding the Property or the Lease.

Use the blank line beneath the words “Tenant(s)’s Mailing Address” then report the Address the Landlord should use when mailing the Tenant(s) official notices addressing the lease or the property.

In many cases, the Landlord will have an Agent or Property Manager handling his or her affairs regarding this Property. If this is the case, then go to the “Agent/Manager” section at the top of page 11. Mark the first choice then enters the Contact Telephone Number and E-Mail Address of the Landlord’s Agent or Manager. If, however, this is not the case, then mark the second choice and enter the Contact Telephone Number and E-Mail Address the Tenant should use when repairs or maintenance become necessary.

Next, locate the “Lead Paint” section. If the rental is a pre-1978 Premises, mark the first check box to indicate the required “Lead-Based Paint Disclosure” attachment is included with this paperwork. If this is a post-1978 Premises, then mark the second selection (“The Premises was not built…”).

If there are any additional provisions that should be included in this agreement, they must be recorded on the blank lies following the words “Additional Terms and Conditions.”

6 –

The final area of this template will allow for the binding signatures of each party to be presented. First, in the statement beginning with the words “The parties have agreed and executed…,” then enter the Date this document is being signed on the three blank spaces provided.

Below the Execution Date, the Landlord must Sign his or her Name on the blank line labeled “Landlord’s Signature,” Print his or her Name on the blank line labeled “Print Name,” and enter the Signature Date on the line labeled “Date.”

Next, there will be enough room for six Tenants to provide their Signatures, Printed Name, and Signature Date, on the blank lines labeled “Landlord’s Signature,” “Print Name,” and “Date.”

The last page of this document will require a report on the “Amount(s) Due At Signing.”  Use this page to report the Security Deposit, Fist Month Rent, Parking Fee, Pet Fee, Pre-Payment of Rent, and Proration Amounts the Tenant must pay to the Landlord in order to be allowed to sign this document. If any of these do not apply (for instance, the Tenant may not have any Pets), enter “0”

 


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