Owner Uniform Resident Act
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How long does a landlord have to fix something in New Mexico?
Repairs – Landlords must make repairs within seven days of being notified by the tenant. If they do not, tenants may withhold rent.
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What is the Uniform Owner Resident Relations Act 47 8 1 NMSA 1978?
The purpose of the Uniform Owner-Resident Relations Act [47-8-1 NMSA 1978] is to simplify, clarify, modernize and revise the law governing the rental of dwelling units and the rights and obligations of owner and resident, and to encourage the owners and the residents to maintain and improve the quality of housing in ...
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What is the late rent law in New Mexico?
If a landlord wants to charge a late fee in New Mexico, it must be stated in the lease agreement. There is no grace period requirement, and landlords can charge up to a 10% late fee on any rent due.
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What is the Uniform owner Resident Relations Act 47 8 1 NMSA 1978?
The purpose of the Uniform Owner-Resident Relations Act [47-8-1 NMSA 1978] is to simplify, clarify, modernize and revise the law governing the rental of dwelling units and the rights and obligations of owner and resident, and to encourage the owners and the residents to maintain and improve the quality of housing in ...
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What is the NMSA 47 8 15 F ))?
An owner may not assess a fee from the resident for occupancy of the dwelling unit by a reasonable number of guests for a reasonable length of time. This shall not preclude charges for use of premises or facilities other than the dwelling unit by guests. F.
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What counties in Kentucky have the Uniform Residential landlord and tenant Act?
Louisville-Jefferson County, Ludlow, Melbourne, Newport, Oldham County, Pulaski County, Shelbyville, Silver Grove, Southgate, Taylor Mill, and Woodlawn have adopted URLTA. o Many lease agreements will not contain this language because they have been written to provide the greatest possible protection for the landlord.
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What is the most you can charge for late rent?
Late fees must be in the lease agreement. Late rent fees should be reasonable (typically 5-10% of rent) and based on the landlord's inconvenience due to the late payment. There is no state-mandated grace period, but many leases include one.
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What is the statute 47-8-18 in New Mexico?
(1) Under the terms of an annual rental agreement, if the owner demands or receives of the resident such a deposit in an amount greater than one month's rent, the owner shall be required to pay to the resident annually an interest equal to the passbook interest permitted to savings and loan associations in this state ...
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