Albuquerque New Mexico Application for Sublease

State:
New Mexico
City:
Albuquerque
Control #:
NM-831LT
Format:
Word; 
Rich Text
Instant download

Description

This Application for Sublease is a potential Sub-Tenant's application to Landlord for Sub-Lease. Contains information relevant to Landlord's decision to grant or deny Sub-Lease. If granted, Sub-Tenant becomes responsible for rent and complying with terms of lease agreement.


The right of a tenant to sublet largely depends upon the terms of the original lease. If the lease is silent regarding the rights of the lessee to sublease, it is generally accepted that the tenant may sublease. However, if the terms of the original lease state that the premises may not be sublet by the tenant, then of course the tenant may not. The difficult situations occur when the original lease states that the premises may be sublet subject to approval by the lessor. It is advisable that the parties state in advance under what conditions the landlord may withhold his or her consent. Otherwise, the provision will be interpreted by the courts under the standard of "reasonableness".

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FAQ

The higher prices start with one thing. ?Houses are in very low supply, the lack of people willing to put their homes up for sale, held to increase the price of homes,? said White.

-All eviction bans have been lifted effective July 1, 2022. The Eviction Prevention and Diversion Program is effective statewide. -New Mexico Emergency Rental Assistance Program. -The state legislature's COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020 ended January 15, 2022.

RentHelpMN is no longer accepting applications. The program opened on April 20, 2021 and closed to new applications on January 28, 2022. It provided $449 million in assistance to 59,100 households during the course of the program.

The Emergency Rental Assistance program is now housed under the New Mexico Home Fund. Through the Home Fund, assistance is available to New Mexico renters who need help paying for rent and utilities.

New data from Apartment List confirms rent prices are increasing in Albuquerque. The median price for a one bedroom apartment is sitting at $1,079/month. That's an 11.5% increase from this time last year and a 40% increase from March 2020.

Upon submission of the application and supporting documentation, DFA will conduct a review within 24 to 48 hours. If additional information is needed, a representative will contact you as soon as possible.

New Mexico is one of 37 states that bans rent control. This is accomplished through a statute, passed in the early '90s, prohibiting local communities from democratically enacting any regulations or controls on rent.

Eligibility for Rent and Utility Assitance A New Mexico resident who rented during the COVID-19 pandemic ? between March 2020 and now. Renter must have been affected financially during the COVID-19 pandemic. Fall under the program income limits (see nmhomefund.org/renters or call 1-833-485-1334 for information)

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Albuquerque New Mexico Application for Sublease