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Ing to the New Mexico Statutes (Chapter 47) and the New Mexico Uniform Owner-Resident Relations Act, a written rental agreement is required for leases longer than one year. If the lease term is less than one year, the lease may be oral.

Disclosures ? In New Mexico, landlords must disclose certain information. This includes if they will charge any nonrefundable fees, shared utilities, and the smoking policy. Repairs ? Landlords must make repairs within seven days of being notified by the tenant. If they do not, tenants may withhold rent.

Obligation of contracts refers to the legally binding promises made between contract counterparties to fulfill agreed-upon duties. Parties agree upon exchanges of value that will be fulfilled ? including services, money, and products.

A New Mexico month-to-month rental agreement is a legal document that is created between a landlord and tenant that allows either party to cancel the contract with 30 days' notice. The document offers the same protections by law for both parties as a standard lease.

Tenancy agreements shall include, but not be limited to, the following: (1) name of tenant; (2) property address or legal description including unit number (if unit number is applicable); (3) rent amount; (4) security deposit and other deposit amounts; (5) when and where rent is to be paid; (6) date property possession ...

Prohibition of Discrimination: The fair housing act prohibits discrimination based on race, gender, religion, national origin, or disability. Landlords must provide reasonable accommodations to disabled tenants to ensure equal enjoyment of the dwelling unit.