Late Fees & Grace Periods: Albuquerque vs Los Ranchos de Albuquerque
How do late fees & grace periods rules compare between Albuquerque, NM and Los Ranchos de Albuquerque, NM?
Albuquerque and Los Ranchos de Albuquerque have similar restriction levels.
Albuquerque, NM
Bernalillo County
NMSA 47-8-15(D) caps a New Mexico late fee at 5 percent of the rent for each rental period in default — cut from 10 percent by a 2025 amendment effective June 20, 2025. Late fees are based on rent only (not deposits, fees, or utilities), and the fee must be noticed by the end of the next rental period.
View full Albuquerque rules →Los Ranchos de Albuquerque, NM
Bernalillo County
NMSA 47-8-15(D) caps a New Mexico late fee at 5 percent of the rent for each rental period in default — cut from 10 percent by a 2025 amendment effective June 20, 2025. Late fees are based on rent only (not deposits, fees, or utilities), and the fee must be noticed by the end of the next rental period.
View full Los Ranchos de Albuquerque rules →Key Facts Comparison
| Fact | Albuquerque | Los Ranchos de Albuquerque |
|---|---|---|
| Maximum fee | 5% of rent per rental period (NMSA 47-8-15(D)) | 5% of rent per rental period (NMSA 47-8-15(D)) |
| 2025 change | Cut from 10% to 5%, effective June 20, 2025 | Cut from 10% to 5%, effective June 20, 2025 |
| Calculation base | Rent only — excludes deposits, fees, utilities | Rent only — excludes deposits, fees, utilities |
| Notice deadline | By last day of the next rental period | By last day of the next rental period |
Highlighted rows indicate differences between cities.
Albuquerque FAQ
What is the maximum late fee in New Mexico?
Five percent of the rent for each rental period in default under NMSA 47-8-15(D). A 2025 amendment effective June 20, 2025 reduced the cap from 10 percent, and fees are calculated on rent only — not deposits, fees, or utilities.
When must a New Mexico landlord notify the tenant of a late fee?
By the last day of the next rental period immediately following the one in which the default occurred, under NMSA 47-8-15(D). A late fee not noticed by that deadline cannot be assessed.
Los Ranchos de Albuquerque FAQ
What is the maximum late fee in New Mexico?
Five percent of the rent for each rental period in default under NMSA 47-8-15(D). A 2025 amendment effective June 20, 2025 reduced the cap from 10 percent, and fees are calculated on rent only — not deposits, fees, or utilities.
When must a New Mexico landlord notify the tenant of a late fee?
By the last day of the next rental period immediately following the one in which the default occurred, under NMSA 47-8-15(D). A late fee not noticed by that deadline cannot be assessed.
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