A New Mexico month-to-month rental agreement is a legal document that establishes a monthly tenancy with no specific end date, continuing indefinitely until either the landlord or tenant decides to terminate the arrangement. Should either party wish to terminate the agreement, sending a termination letter via certified mail is advisable.
A rental application is a valuable tool for landlords to assess the qualifications of applicants, such as their rental history, employment status, creditworthiness, and financial stability.
Minimum Termination Period: 30 days. Either the landlord or tenant must give at least a thirty-day notice before the intended termination date, which is typically aligned with the rent payment schedule.
Governing Law: § 47-8-37.
