Are you looking for a simple lease agreement in New Mexico? Whether you`re a landlord or a tenant, it`s important to have a written agreement that outlines the terms of your lease. A lease agreement is a legal contract between the landlord and tenant that protects both parties and ensures a clear understanding of expectations.

In New Mexico, a lease agreement can be oral or written, but a written agreement is recommended. A written lease agreement is legally binding and provides a permanent record of the terms of the lease. It`s important to ensure that your lease agreement complies with New Mexico law and contains all the necessary provisions.

Here are some key elements to include in your simple lease agreement in New Mexico:

1. Names and addresses of the landlord and tenant(s): Include the full legal names and addresses of all parties involved in the lease.

2. Property description: Clearly describe the property being leased, including the address and any unique features.

3. Lease term: Specify the length of the lease, including the start and end dates.

4. Rent amount and due date: Outline the amount of rent due each month and the due date.

5. Security deposit: Indicate the amount of the security deposit and the conditions under which it will be returned at the end of the lease.

6. Repairs and maintenance: Detail the responsibilities of both the landlord and tenant for repairs and maintenance of the property.

7. Utilities: Specify any utilities that are included in the rent and those that are the responsibility of the tenant.

8. Pet policy: If pets are allowed, outline any restrictions or requirements.

9. Subleasing: Determine if subleasing is allowed and any restrictions.

10. Termination: Include the conditions under which either party can terminate the lease agreement before the end of the lease term.

Creating a simple lease agreement in New Mexico doesn`t have to be complicated. By including these key elements, you can protect your rights and ensure a clear understanding of expectations for both parties. As always, it`s recommended to consult with a legal professional to ensure compliance with New Mexico law.