30 daysReturn deadline30 days
1 month’s rentMaximum depositOne month’s rent (leases under 1 year); more requires intere...
DependsInterest owedOnly on deposits above one month for leases of 1 year or mor...
RequiredItemized statementRequired
What applies to your New Mexico move-out?
Pick the situation; the rule on each card is New Mexico's statutory minimum — your lease can be more generous to the tenant, never less.
30days
Deductions takenSend the itemized list and the balance within 30 days. Normal wear and tear is never deductible; unpaid rent, damage beyond wear, and charges the lease allows are.Generated in-app from the settlement30days
Full refundNo deductions to list, but the refund itself is still due within the same period. The statement is your proof of the date.Generated in-app from the settlementStill due
No forwarding addressNew Mexico does not pause the clock for a missing address: send to the last known address and keep proof of the attempt.ReferenceDepends
Interest on the depositOnly on deposits above one month for leases of 1 year or more.Reference
What a New Mexico deposit statement must contain
✓Tenant name(s) and the rental addressPlus the date the tenant surrendered the premises — that is when the 30 days start.
✓The deposit held, including pet depositsThe full amount received at move-in, so the math adds up from the tenant's side.
✓Each deduction, described and priced"Damage" is not enough; "carpet replacement, bedroom 2, tenant-caused stain — $240" is. Attach receipts or estimates.NMSA § 47-8-18
✓The balance refunded (or owed)If deductions exceed the deposit, the statement doubles as the demand for the difference.
✓Sent to the forwarding address, on timeMail it to the address the tenant gave; keep the date and the method. 30 days.
✓Landlord signature and dateAnd a copy on file with the lease — the court asks for it if the tenant sues.auto-logged
How it works
1 · Settle the depositAccounting → Deposit Disposition → Settle. Deposit held is pulled from the lease; add each deduction with a description and amount.
2 · Review the statementThe New Mexico deadline, the statute and the deduction list are filled in. Add the forwarding address and receipts.
3 · Send and keep the recordEmailed to the tenant and downloadable for mailing; date, method and the PDF are logged with the tenant — the ledger posts the refund at the same time.
New Mexico deposit return FAQ
How long does a New Mexico landlord have to return a security deposit?
30 days (NMSA § 47-8-18).
What can I deduct from the deposit in New Mexico?
Unpaid rent and charges the lease allows, and damage beyond normal wear and tear. Not routine cleaning, repainting, or carpet wear from ordinary use. Each deduction must be itemized.
Is there a limit on the deposit in New Mexico?
Yes: One month’s rent (leases under 1 year); more requires interest.
Do I owe interest on the deposit?
Only on deposits above one month for leases of 1 year or more.
What if the deductions are more than the deposit?
The statement shows the balance owed and the tenant is liable for it. The in-app settlement posts the difference to accounts receivable so it is not forgotten.
Settle the deposit and send the New Mexico statement in one step
Deductions, refund, deadline and the statute filled in from your ledger. Free.
Deadlines and rules are New Mexico's statutory minimums as of 2026, reviewed against New Mexico Statutes, Chapter 47, Article 8 (Uniform Owner-Resident Relations Act). General information for landlords, not legal advice; local ordinances can add requirements.
