New Mexico Security Deposit Laws
New Mexico limits security deposits to one month's rent and requires landlords to return deposits with a written itemized statement of deductions within 30 days of the tenancy ending.
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Key Rules
- Limit
- 1 month's rent maximum
- Return Deadline
- 30 days after termination of tenancy
- Itemization Required
- Yes — written itemized statement required
- Interest Required
- No statewide requirement
- Bad Faith Penalty
- Tenant may recover deposit plus damages for bad-faith withholding; attorney's fees possible
Applicable Statutes
Security deposit rules: maximum one month's rent. Landlord must return deposit within 30 days of termination of tenancy with itemized written statement of deductions.
Legal Aid Resources
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Not Legal Advice. This site provides general educational information only — not legal counsel. Laws vary by location. Consult a qualified attorney for advice on your specific situation.