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Landlords cannot raise the rent by more than the annual rent increase limit that is set by the territory. As of May 15, 2025, landlords cannot increase rent by more than 2%.
New Mexico does not impose statutory caps on rent increases. However, landlords must comply with fair housing regulations and provide the required notice. Tenants should review their lease agreements for any terms related to rent increases.
Yes, this state is considered landlord-friendly since landlords have more freedom while managing rent prices and leasing conditions. On the other hand, the rental market in New Mexico is highly competitive, allowing landlords to promote their properties to more prospective tenants.
A landlord cannot refuse to rent to someone because of a disability, ethnicity, sexual orientation, or other reasons protected by the Fair Housing Act or New Mexico Human Rights law. While age discrimination is illegal, the law requires property leases of any type to be signed by a person at least 18 years old.
The Uniform Residential Landlord and Tenant Act, also known as URLTA, is a sample law governing residential landlord and tenant interactions, created in 1972 by the National Conference of Commissioners on Uniform State Laws in the United States. Many states have adopted all or part of this Act.
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Are there any caps on how much a landlord can raise rent? New Mexico does not impose statutory caps on rent increases. However, landlords must comply with fair housing regulations and provide the required notice.
Notice of termination and damages. A. The owner or the resident may terminate a week-to-week residency by a written notice given to the other at least seven days prior to the termination date specified in the notice.
New Mexico tenants have the right to: Safe and habitable housing: Tenants are entitled to rental units free of hazards to health and safety. Request repairs: Tenants can request timely repairs and withhold rent if landlords fail to comply.

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