Security Deposit Laws in New Mexico - FAQ & Requirements 2025
Everything you need to know about security deposit laws in New Mexico.
New Mexico Security Deposit Quick Facts
1 month rent (unfurnished)
Maximum Deposit
30 days
Return Deadline
Required (12+ months)
Interest Required
Frequently Asked Questions
How long does a landlord have to return my security deposit in New Mexico?
30 days
What is the maximum security deposit a landlord can charge in New Mexico?
1 month rent (unfurnished)
Do landlords have to pay interest on security deposits in New Mexico?
Required (12+ months)
Can a landlord keep my security deposit in New Mexico?
A landlord in New Mexico can keep part or all of your security deposit for unpaid rent, damages beyond normal wear and tear, cleaning costs, or other lease violations. They must provide an itemized statement of deductions.
What can I do if my landlord doesn't return my deposit in New Mexico?
If your landlord doesn't return your deposit within 30 days in New Mexico, you can send a demand letter, file a complaint with housing authorities, or pursue the matter in small claims court.