Last Updated: November 2023
A New Mexico residential lease agreement is a rental property document that includes the terms and conditions between a landlord and tenant in the state of New Mexico. The contract outlines essential information, such as rent amount and landlord-tenant responsibilities.
Top 5 Free New Mexico (NM) Residential Lease Agreement Templates
We’ve reviewed New Mexico (NM) rental property lease agreements across the internet. Below is our comprehensive list of the best free New Mexico (NM) residential lease agreement templates for landlords and property managers, as well as our top pick.
RentalRealEstate Top Pick
eForms New Mexico Residential Lease Agreement
Why We Like The eForms New Mexico Lease Agreement
The eForms lease template is our top pick for its masterful balance of legal precision with easy-to-read language.
2
iPropertyManagement New Mexico Residential Lease Agreement
Why We Like The iPropertyManagement New Mexico Lease Agreement
The iPropertyManagement.com residential template is written in a way that is both legally sound and exceptionally clear.
3
LegalTemplates New Mexico Residential Lease Agreement
Why We Like The LegalTemplates New Mexico Lease Agreement
The LegalTemplates New Mexico lease agreement does a great job in ensuring that both landlord and tenant interests are fairly represented.
4
RentalLeaseAgreements New Mexico Residential Lease Agreement
Why We Like The RentalLeaseAgreements New Mexico Lease Agreement
The RentalLeaseAgreements template format is exceptionally well-organized and easy to fill out for creating new residential leases.
5
Rocket Lawyer New Mexico Residential Lease Agreement
Why We Like The Rocket Lawyer New Mexico Lease Agreement
The Rocket Lawyer New Mexico lease agreement template ensures a solid foundation for residential landlord-tenant relationships.
New Mexico (NM) Rent Prices 2023
28th
Lowest Rent Among 50 States
Below
The National Rent Average
As of 2023, the overall average fair market rent for a residential rental property in New Mexico is $1,165. Average rent prices in New Mexico sit below the national average rent of $1,274, in which New Mexico ranks as the 28th lowest rent among all 50 states and the 23rd highest rent among all 50 states within the United States. In New Mexico’s large metropolitan areas such as Albuquerque, NM, the average rent prices tend to be higher, while alternative areas such as Santa Fe, NM, can provide more affordable options.
Residential Lease Agreements by State
Across the United States, each state possesses its own set of landlord tenant laws, which govern and shape the structure and content of residential rental agreements. Click on a State below to see the specific residential lease agreements for that state.
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Tools for Rental Property Agreements
Property Management Software
Property management software helps property owners, property managers, and tenants handle all aspects of management such as rent payment, maintenance, marketing, and much more.
Contract and Document
Software
Online rental property document software offers customizable templates and digital management solutions for forms, contracts, and letters related to leasing and property management.
Document Digital Signature
Software
Using digital signature software for rental property agreements is becoming increasingly popular among tenants and rental real estate industry professionals for its ease of use and legal upholding.
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More Types of Lease Agreements
When entering into a rental arrangement, it is important to choose the right type of document for the situation, as each caters to different needs and circumstances. Below we take a look at several of the most common types of rental property contracts and agreements:
About the Author
Ryan Nelson
I’m an investor, real estate developer, and property manager with hands-on experience in all types of real estate from single family homes up to hundreds of thousands of square feet of commercial real estate. RentalRealEstate is my mission to create the ultimate real estate investor platform for expert resources, reviews and tools. Learn more about my story.
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