N.M. Admin. Code § 16.61.24 § 14
RESIDENTIAL TENANCY AGREEMENTS
Operative Text
There shall be a signed written tenancy agreement for each property or rental unit. A. Tenancy agreements shall include, but not be limited to, the following: (1) name of tenant; (2) property address or legal description including unit number (if unit number is applicable; (3) rent amount; (4) security deposit and other deposit amounts; (5) when and where rent is to be paid; (6) date property possession began; (7) date property possession ends; (8) all fees charged to the tenant; and (9) how payments are to be applied to outstanding expenses/charges. B. The qualifying broker shall include a copy, either in hard copy form or electronically, of the New Mexico Uniform Owner-Resident Relations Act, with every written residential tenancy agreement. The qualifying broker shall obtain separate written or electronic confirmation from each tenant that the tenant has received such copy of the act. The qualifying broker shall make this confirmation available to the commission if requested. C. If the property manager’s name is on a lease as the agent of the property owner, and a new property manager takes over management of the property, the lease shall be assigned to the new property manager. The owner of the property must give written consent for assignment of the lease and the assignment must be acknowledged in writing by the qualifying broker. [16.61.24.14 NMAC - Rp, 16.61.24.14 NMAC, 1-1-2012; A, 1-1-2019]
NMAC 16.61.24 § 14 requires that every residential rental arrangement be documented in a signed written agreement containing specific information, including tenant name, property address, rent amount, deposit amounts, payment terms, possession dates, all fees, and how payments are applied to outstanding charges. Qualifying brokers must also provide each tenant with a copy of the New Mexico Uniform Owner-Resident Relations Act and obtain separate written or electronic confirmation that the tenant received it. If property management changes and the manager's name appears on the lease as agent, the lease must be formally assigned to the new manager with the owner's written consent and the qualifying broker's written acknowledgment.
Plain English — not legal advice.
Under NMAC 16.61.24 § 14, compliant property managers and qualifying brokers ensure that every residential tenancy agreement is signed and written, and that it covers all nine required elements — from tenant name and property address through fee disclosures and payment-application terms. Qualifying brokers also distribute a copy of the New Mexico Uniform Owner-Resident Relations Act with each agreement and retain documented confirmation of receipt from each tenant, making that confirmation available to the commission upon request. When management of a property changes and the outgoing manager is named on the lease as agent, operators document the lease assignment with written owner consent and qualifying broker acknowledgment.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
NMAC 16.61.24 § 14 gives tenants the right to receive a signed written lease that spells out rent, deposits, fees, payment terms, and possession dates — and also entitles them to a copy of the New Mexico Uniform Owner-Resident Relations Act, with their receipt of that document confirmed in writing or electronically. If a tenant believes their lease is missing required terms or that they never received the required Act, they may raise that as a concern with the New Mexico Real Estate Commission, which has authority to request compliance records from qualifying brokers. Tenant-rights organizations in New Mexico can help residents understand what a compliant agreement should contain and what options are generally available when a lease falls short of the requirements in this provision.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated October 26, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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