New Mexico Stipulation of Leasehold Ownership

State:
Multi-State
Control #:
US-OG-274
Format:
Word; 
Rich Text
Instant download

Description

This form is used when a question has arisen as to the ownership of each Party in the leasehold interest assigned to them in an Assignment. The Parties desire, by this Stipulation, to declare and establish each Party's interest in the Lease.

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FAQ

Every New Mexico tenant has the legal right to seek proper and fair housing without any kind of discrimination against them. The New Mexico landlord-tenant law also allows them to request required repairs for the unit (If it needs them).

New Mexico Implied Warranty of Habitability In New Mexico, the implied warranty of habitability means that a landlord must provide and maintain safe and habitable rental property.

Residential rental units are rented under the implied warranty of habitability. This means that the landlord has an obligation to provide the tenant with the basic requirements necessary for habitability.

A Rental Unit Must Be a Clean And Safe Place To Live. If there are pets on the property, then all animal waste must be properly disposed of regularly. Landlords must make sure the home has services that are provided to it, including water, heat, and pest control.

Notice of Entry ? Landlords must provide tenants with a 24-hour notice before entering the property unless it is an emergency. Disclosures ? In New Mexico, landlords must disclose certain information. This includes if they will charge any nonrefundable fees, shared utilities, and the smoking policy.

New Mexico state law is landlords are required to keep appliances like air conditioning in working order if it comes with the apartment. If they can't do that tenants are entitled to withhold part of their rent.

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New Mexico Stipulation of Leasehold Ownership