Under the Uniform Owner-Resident Relations Act, NMSA 47-8-15(F) lets a New Mexico owner raise rent on a month-to-month residency only with written notice given at least 30 days before the periodic rental date. New Mexico sets no cap on the amount and preempts local rent control.
NMSA 47-8-15(F) provides that an owner 'may increase the rent payable by the resident in a month-to-month residency by providing written notice to the resident of the proposed increase at least thirty days prior to the periodic rental date specified in the rental agreement or, in the case of a fixed term residency, at least thirty days prior to the end of the term.' The notice must be in writing and properly timed; a fixed-term lease cannot be increased mid-term. New Mexico law caps no dollar amount and a 2023 statute (NMSA 47-8A-1) bars municipalities from enacting rent control, so the 30-day notice is the principal constraint on a periodic-tenancy increase.
No specific statutory penalty. A rent increase served with less than the required 30 days' written notice is ineffective; the prior rent remains the amount legally owed until valid notice has run.
Other ordinances people look up for this city. Green dot = verified primary-source excerpt.
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