Supplemental Residential Lease Forms Package - New Mexico: Fill out & sign online

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Click ‘Get Form’ to open it in the editor.
Begin with the Residential Lease Application. Fill in the tenant's personal information, including name, contact details, and rental history.
Next, complete the Consent to Background and Reference Check. Ensure you have the tenant's consent before proceeding.
For Salary Verification, input the necessary financial details of the potential tenant to assess their ability to pay rent.
Fill out the Lead Based Paint Disclosure if applicable. This is crucial for properties built before 1978.
Document the Inventory and Condition of Leased Premises: Pre-Lease by noting any existing damages or issues.
After lease termination, use the Post-Lease Inventory form to compare conditions and address any discrepancies.
Utilize the Tenant Welcome Letter to provide essential information about property management and expectations.
In case of payment issues, fill out the Warning Notice for Failure to Pay Rent and follow up with a 3-Day Notice if necessary.
Finally, complete the Landlord Tenant Closing Statement at lease end to summarize all transactions and agreements.

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What is the standard residential lease agreement in New Mexico?

The New Mexico standard residential lease agreement is a rental contract wherein a landlord and tenant come to terms regarding the exchange of livable space for monthly payments. The agreement is a fixed-term contract that will last for a term of one (1) year once it has been signed by the parties.

What is a supplemental lease?

This standard document grants a lease of additional property (often called a supplemental lease) where a tenant already has an existing lease and wants to take a lease of additional premises.

Does a lease agreement need to be docHubd in New Mexico?

No, New Mexico leases do not need to be docHubd. They are considered legal once both parties sign.

What is the most common form of residential lease?

Fixed-term lease It is the most common type of residential lease, giving landlords reliable rental income and reduced vacancy rates. Many landlords prefer this lease type as it provides long-term financial security and minimizes tenant turnover.