How much a landlord can charge for a security deposit in New Mexico, the deadline to return it after move-out, and the statute that controls — verified June 7, 2026.
1 month of rent (for leases under 1 year); no fixed cap for leases of 1 year or more, but interest must be paid on amounts over 1 month. Failure to provide statement in 30 days forfeits right to withhold; $250 bad-faith civil penalty.
30 days (itemized written list of deductions + balance, from termination or departure, whichever is later). Read N.M. Stat. Ann. § 47-8-18 for the exact triggers, itemization requirements, and penalties for late or bad-faith withholding.
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1 month of rent (for leases under 1 year); no fixed cap for leases of 1 year or more, but interest must be paid on amounts over 1 month. Failure to provide statement in 30 days forfeits right to withhold; $250 bad-faith civil penalty. This is a best-effort summary verified against the official statute (N.M. Stat. Ann. § 47-8-18) on June 7, 2026 — always confirm with the current law or an attorney.
30 days (itemized written list of deductions + balance, from termination or departure, whichever is later). See N.M. Stat. Ann. § 47-8-18 for the exact conditions and any itemization requirements.
N.M. Stat. Ann. § 47-8-18. The official text is published by the state at https://nmonesource.com/nmos/nmsa/en/item/4385/index.do.
No. This page is a best-effort summary compiled from primary legal authority and verified on June 7, 2026. Statutes change, and many states use tiers or exceptions a summary can't capture. Confirm with the current statute or a licensed attorney before relying on it.
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