Complete Legal New Mexico Abandoned Property Forms For Free

In New Mexico abandonment means the absence of the tenant from the premises, without notice to the landlord, for more than seven continuous days, and only after rent is delinquent. When abandonment is confirmed the rental agreement may be terminated, and the process of handling any personal property left behind begins.

Accounts are considered dormant if the owner of a property has not indicated any interest in the property or if no contact has been made for the allotted dormancy period for that property. Dormancy periods in New Mexico for common property types include: Wages or Payroll: One year. Checking Accounts: Five years.

To successfully file an unclaimed property claim with us you must prove that you are the rightful owner of the property. The required proof varies ing to the property and the circumstances under which it was abandoned. The Unclaimed Property Office does not release property until it receives the required proof.

You can go to nmclaims.unclaimedproperty.com to file for the property. For claims valued at $500 or less, you can file online, and the claim will be processed electronically.

The most common types of Unclaimed Property are: Bank accounts and safe deposit box contents. Stocks, mutual funds, bonds, and dividends. Uncashed cashier's checks and money orders. Certificates of deposit. Matured or terminated insurance policies. Estates. Mineral interests and royalty payments.

Did you forget your money, not collect a deposit, or never receive a refund that was due to you? New Mexico Taxation and Revenue Department (TRD) may have it. The purpose of the Unclaimed Property Office is to reunite lost owners with their property.