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New Mexico

Month-to-Month Rental Agreement (Tenancy at Will) (NM)

This document creates a rental agreement when renting a property to 1-6 tenants on a month-to-month basis. A month-to-month basis means that this agreement continues each month until either one of you provides a certain amount of notice, usually 30 days (sometimes shorter, depending on the state where the rental property is located), that you want the agreement to end. This type of agreement is also known in some states as a "Tenancy at Will Agreement."

This agreement covers such matters as the amount of rent, any deposits to be paid, late fees, parking, pets, and payment of utilities. It also includes important disclosures that you might be required to give the tenant, such as a lead paint disclosure if the property was built prior to 1978.

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Month-to-Month Rental Agreement (Tenancy at Will) (T5) (Guidance Notes)