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This form is primarily utilized by landlords who wish to inform their tenants that they do not intend to renew their lease at the end of its specified term. It is essential for residential property owners in New Mexico who are managing rental agreements. For instance, a landlord may use this notice when they plan to sell the property or undertake significant renovations that require tenant vacancy. Additionally, property management companies often employ this form when handling multiple leases on behalf of owners, ensuring compliance with state regulations regarding tenant notifications.
In New Mexico, landlords must provide this notice at least 30 days before the lease expiration date. The notice should be delivered in writing and can be sent via hand delivery or registered/certified mail. It is crucial for landlords to keep proof of delivery as it may be required in case of disputes regarding tenancy or eviction proceedings.
To submit this notice, follow these steps: First, obtain a template for the Notice of Intent Not to Renew. Next, fill out all required fields accurately, including tenant details and lease expiration date. After completing the form, deliver it either by hand directly to the tenant or send it via registered/certified mail to ensure proper documentation. Finally, retain a copy along with proof of delivery for your records.
Landlords should also consider local ordinances that may impose additional requirements beyond state law. Furthermore, maintaining clear communication with tenants throughout this process can help mitigate misunderstandings and potential conflicts. It's advisable for landlords to consult legal counsel if uncertain about any aspect related to lease termination procedures.
