New Mexico · Deposit itemization · Free to generate and download
New Mexico Security Deposit Itemization
After a New Mexico tenancy ends, unused deposit money is generally due within 30 days, with an itemized list of lawful deductions (N.M. Stat. Ann. § 47-8-18). This generator writes that accounting.
- Unused deposit is generally due within 30 days (N.M. Stat. Ann. § 47-8-18).
- Ordinary wear and tear is not deductible.
- Ask the tenant for a written forwarding address.
Related New Mexico documents
- New Mexico Security Deposit Receipt. A written record that a security deposit was received. It is not the itemized accounting due after move-out.
- New Mexico Move-Out Condition Checklist. A condition inventory completed at move-out. Compare it to the move-in list before deducting from the deposit.
- New Mexico Move-In Condition Checklist. A condition inventory completed at move-in. It is not a lease.
- New Mexico Residential Lease Agreement. A fixed-term residential rental contract built around the property’s state rules.
- New Mexico Notice to Vacate. Written notice that a tenancy will end on a stated date. It is not a pay-or-quit, not a court filing, and not a lockout.
Frequently asked questions
Plain-language answers about New Mexico deposit itemization papers. LeaseGen.io is not a law firm. Confirm current statutes before anyone signs.
- When must a landlord return a deposit in New Mexico?
- A security deposit generally may not exceed one month’s rent (N.M. Stat. Ann. § 47-8-18). A separate pet deposit is generally not allowed on top of that cap. Give a written receipt. Unused deposit plus an itemized list is generally due within 30 days. Unused money is generally due within 30 days (N.M. Stat. Ann. § 47-8-18).
- What can I deduct from a security deposit?
- Lawful deductions usually include unpaid rent, damage beyond ordinary wear and tear, and certain cleaning or repair costs allowed by the lease and statute. Itemize each charge.
- What if I have no deductions?
- Return the full deposit within the 30-day window. Send it to the tenant’s forwarding address if you have one.