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New Mexico rental laws outlined the rules in the state regarding lease agreements and eviction will examine relevant laws for standard lease agreements month-to-month lease agreements and eviction z' standard lease agreement a standard lease gives an overview of the terms between a landlord and tenant for the renting of property a standard lease is commonly a one-year fixed period and is the most widely used rental contract month-to-month lease a month-to-month lease is an agreement between a landlord and tenant that renews automatically every month and terminates upon notice by either party in New Mexico the notice must be provided a minimum of 30 days prior to termination as required by law required disclosures in New Mexico the following disclosure is required to be included as part of the lease identity the landlord must inform the tenant of all individuals allowed to access the property and must provide an address for notices landlord access in New Mexico the landlord is required to provide 24 hours notice before entering the property for repairs or any non-emergency reasons security deposit laws in New Mexico the maximum amount a landlord can charge for security is one month's rent for tendencies lasting less than one year but if the tenants stay beyond a year the landlord can request as much as they want the money must be returned to the tenant within 30 days of vacating eviction laws there are two legally accepted causes for eviction in New Mexico non-payment of rent if the tenant is late on rent the landlord can issue a three-day notice to pay or quit this gives the tenant three days to pay the rent info along with any penalties or vacate the property if they do neither the landlord may be forced to seek an eviction from the court non-compliance if the tenant breaks any portion of the leaf's other than late rent the landlord may give the tenant seven days to either comply with the lease or vacate the property if the landlord is submitting a second notice for the same violation the landlord can give the tenant 30 days to leave the property without an option to cure you