Free Tool
New Mexico Late Fee Calculator
Calculate the maximum late fee you can legally charge in New Mexico. Check grace periods, fee caps, and compliance with New Mexico state law.
Your Late Fee
$75.00
Your proposed fee of $75.00 is within New Mexico's statutory maximum of $150.00 (10% of the monthly rent).
Rent + Fee
$1,575.00
Grace Period
None required
Statutory Maximum in New Mexico
$150.00
New Mexico Late Fee Law
Grace period: No grace period required by state law
Fee cap: $150.00 — 10% of the monthly rent
Daily fees: Not typical
Statute: N.M. Stat. § 47-8-15(D)
Max 10% of the rent specified per rental period. Landlord must notify the tenant of the charge by the end of the next rental period.
Laws change quietly. Colorado rewrote its late-fee rules in 2021, Connecticut in 2023. Get an email when New Mexico changes its rules — and what to update in your lease.
Landlord Law Watch — $29/yr →Next Step
Generate the late fee notice
Turn this calculation into a printable, New Mexico-compliant notice you can send to your tenant today — with the statute reference included.
Fill in the four fields above to generate your notice.
Get your state’s late fee rules + a compliant notice template
Grace periods, fee caps, and what makes a late fee unenforceable. Plus early access to Tenby.
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Try Tenby FreeNew Mexico Late Fee Rules for Landlords
New Mexico does not require a grace period by state law, but most landlords include one in the lease. The late fee is capped by statute at 10% of the monthly rent (N.M. Stat. § 47-8-15(D)).
Use the calculator above to check if your proposed late fee complies with New Mexico law. Need more tools? Check the New Mexico security deposit calculator, or try our prorated rent calculator and rent estimate tool.
For a complete guide to New Mexico landlord-tenant law, read our New Mexico Landlord-Tenant Law 2026 guide.