Free Tool
New Mexico Security Deposit Calculator
Check if your security deposit complies with New Mexico law. Maximum: 1x rent. 30-day return deadline.
$
$
Your Deposit
$1,800.00
Compliant1.0x monthly rent
New Mexico Maximum
$1,800.00 (1x rent)
Return Deadline
30 calendar days after move-out
New Mexico Security Deposit Rules
Deposit Limits
- Maximum allowed
- 1x rent
- At $1,800.00/mo
- $1,800.00
- Pet deposit
- Allowed
Return & Holding
- Return deadline
- 30 calendar days
- Escrow required
- No
- Interest required
- Yes
- Itemized statement
- Required
Interest requirement: Must pay annual interest if held > 1 year
Statute: N.M. Stat. § 47-8-18
Max 1x monthly rent. Interest required if held over 1 year.
View all states or try the late fee calculator.
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