New Mexico late fee law
Read from the statute itself on 2026-11-09. Statewide rule; a city or county can add its own.
- Statutory cap
- 5% of monthly rent
- Grace period
- None in the statute
Since June 20, 2025, max 5% of the rent for each rental period in default (previously 10%), calculated only on rent. The fee must be in the rental agreement, with notice by the last day of the next rental period. No statutory grace period.
Calculate it for your rent
New Mexico: common questions
What is the maximum late fee in New Mexico?
New Mexico's statute caps it: 5% of monthly rent. Since June 20, 2025, max 5% of the rent for each rental period in default (previously 10%), calculated only on rent. The fee must be in the rental agreement, with notice by the last day of the next rental period. No statutory grace period.
Is there a grace period for late rent in New Mexico?
The statute does not set one.
- New Mexico security deposit law
- Every state side by side: the 2026 report
- Late fee calculator for all 50 states and DC
Not legal advice. Confirm with a local landlord-tenant attorney before relying on a figure.
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Late fee law by state
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