Letter from Landlord to Tenant about Intent to increase rent and effective date of rental increase - New Mexico 2025

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering the date at the top of the document. This is essential for record-keeping and ensures clarity regarding when the notice was issued.
  3. Fill in the tenant’s name and address of the premises where they reside. Accurate information here is crucial for proper communication.
  4. In the section regarding your Residential Lease Agreement, specify the original lease date and address of the leased premises. This provides context for the rent increase.
  5. Indicate the expiration date of the current lease term, which helps tenants understand their options moving forward.
  6. Clearly state the new monthly rent amount and effective date of this increase. This transparency is vital for tenant awareness.
  7. Choose how you delivered this notice by checking one of the options provided at the bottom, ensuring compliance with notification requirements.

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A notice of rent increase letter should include the following: Your name and contact information. Date of document. A greeting that addresses each tenant by name. The propertys address. The date the original lease went into effect. The date the original lease will end. The current rent amount. The proposed new rent amount.
In New Mexico, there are no state-specific rent control laws limiting how much a landlord can increase rent. Landlords must provide a 30-day notice for rent increases on month-to-month leases, and rent cannot be increased during a fixed-term lease unless specifically allowed by the lease terms.
AB 1482: Limits annual rent increases to no more than 5% + local CPI or 10% whichever is lower.
2025 and 2026 rent increase limit The 2025 rent increase limit for residential tenancies is 3%. The 2026 rent increase limit for residential tenancies is 2.3%. If utilities and other fees are included in the rent, the landlord still cannot increase the rent beyond this amount even if their costs are higher.
The amount that a landlord can raise rent in California in 2023 will depend on the specific local inflation rate and the individual rental property. Under AB 1482, landlords are limited to increasing rent by no more than 5% plus the local CPI (inflation rate) or 10%, whichever is lower.
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People also ask

For periodic tenancies, the maximum allowable increase is once every 12 months. The Act outlines that landlords must provide at least 60 days notice for rent increases in these cases. However, it is important to note that there is no specific percentage cap for periodic tenancies.

rent increase letter due to inflation