Fill and Sign the Form Nm 864lt

U.S. Legal Forms, Inc. http://www.uslegalforms.com Form NM-864LT Residential Lease Agreement, Page 1 NEW MEXICO RESIDENTIAL LEASE AGREEMENT This Residential Lease Agreement (hereinafter “Lease”) is entered into this the ____ day of _____________________, 20____, by and between the Lessor: ______________________________________, (hereinafter referred to as “Landlord”), and the Lessee(s): ______________________________________________________________________________________. All Lessees (hereinafter referred to collectively as “Tenant”), are jointly, severally and individually bound by, and liable under, the terms and conditions of this Lease. For the valuable consideration described below, the sufficiency of which is hereby acknowledged, Landlord and Tenant do hereby covenant, contract and agree as follows: 1. GRANT OF LEASE: Landlord does hereby lease unto Tenant, and Tenant does hereby rent from Landlord, solely for use as a personal residence, excluding all other uses, the personal residence located in __________________ County, New Mexico, with address of: ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________, including the following items of personal property:________________________________________________ ________________________________________________________________________________________________. 2. NATURE OF OCCUPANCY: As a special consideration and inducement for the granting of this Lease by the Landlord to the Tenant, the personal residence described above shall be used and occupied only by the members of the Tenant’s family or others whose names and ages are set forth below:________________________________________________________________________________________________________________________________________________________________________________________________. 3. TERM OF LEASE: This Lease shall commence on the ____ day of ___________________, 20____, and extend until its expiration on the ____ day of _________________, 20____, unless renewed or extended pursuant to the terms herein. 4. SECURITY DEPOSIT: Upon execution of this Lease, Tenant shall deposit the sum (not to exceed one month’s rent) of $___________ to be held by Landlord as a security deposit for reasonable cleaning of, and repair of damages to, the premises upon the expiration or termination of this Lease, or other reasonable damages resulting from a default by Tenant. Tenant shall be liable to Landlord for all damages to the leased premises upon the termination of this Lease, ordinary wear and tear excepted. Tenant is not entitled to interest on the security deposit. Tenant may not apply the security
(security deposit) against future rent. 5. Return date(s): in addition to the return date(s) stated above, landlord and tenant hereby designate the date(s) each of them intends to terminate this lease and they each agree that their respective tenancy will terminate 60 days after the return date or earlier, whichever occurs first. 6. Additional security deposit(s): landlord shall, at landlord's expense, deposit an additional one-month rent to be held by tenant as a security for reasonable cleaning of, and repair of damages to, tenant's residence at the conclusion of this lease. The landlord may demand such additional deposit from the tenant before the termination of this lease, but once the termination date has been reached and the tenant has failed to deposit an additional security deposit, landlord is in receipt of the full deposit of the security deposit provided for in paragraph 5 above. 7. Effect of default: after the expiration or termination of this lease, tenant will in no event be entitled to recent the premises from landlord, nor any other person without first giving landlord notice thereof, whether personally, by certified mail, or by publication, in at least one newspaper, and no later than thirty (30) days from the date the notice is delivered. In any case where the person resenting the premises has not deposited the required amount of security, the landlord shall not have the right to return the premises or to charge additional rent at the expiration of lease: provided, that it is reasonable to require the landlord to allow the rerental of the premises within thirty (30) days from the delivery of notice of termination. 8. Assignment: the landlord or some person authorized by landlord may assign this lease without the tenant's consent and all rights hereunder shall be terminable by lease at will: provided, however, that any such assignment shall be for good cause shown and executed in the manner hereinafter provided and shall be subject to the same terms, conditions, responsibilities of the original tenant. 9. Notice of termination: the lessee of this dwelling shall give written notice of the termination of this lease, in accordance with the provisions of section 4 (n) (1) and (n) (7) of the rent law to landlord no less than thirty (30) days prior to the effective date of tenant's termination, in writing delivered to the landlord's address and the address of the personal property that tenant intends to store as described in section 2 (k) (1) of this chapter, or in accordance with the rental.