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🔑 Rental Property Rules/Late Fees & Grace Periods

Late Fees & Grace Periods: Albuquerque vs Tijeras

How do late fees & grace periods rules compare between Albuquerque, NM and Tijeras, NM?

Albuquerque and Tijeras have similar restriction levels.

Albuquerque, NM

Bernalillo County

Some Restrictions

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 →

Tijeras, NM

Bernalillo County

Some Restrictions

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 Tijeras rules →

Key Facts Comparison

FactAlbuquerqueTijeras
Maximum fee5% of rent per rental period (NMSA 47-8-15(D))5% of rent per rental period (NMSA 47-8-15(D))
2025 changeCut from 10% to 5%, effective June 20, 2025Cut from 10% to 5%, effective June 20, 2025
Calculation baseRent only — excludes deposits, fees, utilitiesRent only — excludes deposits, fees, utilities
Notice deadlineBy last day of the next rental periodBy 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.

Tijeras 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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