Helping you avoid disputes at the end of a tenancy.

Can be used to document the amount deducted from the tenant's security deposit and state the reason(s) the deduction(s) were made in a manner that is compliant with New Mexico state law.

Landlords and tenants frequently have disputes regarding the refund of security deposits after tenants vacate a rental unit. As a result, New Mexico state legislation dictates how landlords should itemize security deposit deductions and establishes terms and conditions that a landlord must abide by for refunding and accounting for security deposits.

• comply with state law when documenting the reasons for deducting a part of or all of a tenant's security deposit
• ensure that your tenant understands your reasons for making the deduction
• deliver this statement to your tenant by following the specific requirements established by the state of New Mexico

TERMS AND CONDITIONS COVERED INCLUDE:

• summary of New Mexico state law outlining when and how the statement should be delivered
• amount of deposit retained
• customizable section for detailing reason(s) for retaining the security deposit
• balance of the security deposit, if any, after deduction(s)
• signature and address of the landlord

All contents reviewed and approved by attorneys or industry experts.