New Mexico security deposit statement template

New Mexico rules for this report

These rules are about how and when you report, not the template's fields. Check them before you deliver.

• Where there is actual cause to keep any of the deposit, the owner gives the resident an itemized written list of the deductions and the balance within 30 days of the end of the rental agreement or the resident's departure, whichever is later; mailing the statement and any payment to the resident's last known address is complianceNMSA 1978, s. 47-8-18 (C) (annotated) · NMSA 1978, s. 47-8-18 (C) (unannotated)
• The deposit may pay rent and the damages the owner suffered because the resident did not comply with the rental agreement or the resident's duties in section 47-8-22, including unpaid rent or utilities, repair work and other legitimate damages; no deposit may be kept to cover normal wear and tearNMSA 1978, s. 47-8-18 (C)
• The resident keeps the part of the premises they use as clean and safe as its condition permits and, when the residency ends, leaves the unit as clean as when it began, ordinary wear and tear excepted; the resident also disposes of waste cleanly, keeps plumbing fixtures clean, uses appliances and facilities reasonably, and does not deliberately or negligently damage the premises or knowingly let anyone else do soNMSA 1978, s. 47-8-22 (annotated) · NMSA 1978, s. 47-8-22 (unannotated)
• An owner who does not give the written statement and the balance due within 30 days forfeits the right to keep any of the deposit, the right to counterclaim in a suit for the deposit, and the right to sue separately for damage to the property, and pays the resident's court costs and reasonable attorneys' feesNMSA 1978, s. 47-8-18 (D)
• An owner who keeps a deposit in bad faith in violation of the section owes the resident a civil penalty of 250 dollarsNMSA 1978, s. 47-8-18 (E)

What is in it

• Itemized deductionsDeduction, Why it is charged, Supported by, Amount
• Move-out conditionTwo to four sentences from the notes on the unit's condition at move-out compared with move-in, including anything noted as normal wear and tear and not charged, and photos if the notes mention them. Never state amounts.
• Refund and questionsHow the refund is paid or the balance should be paid, and where (from the notes, such as a check mailed to the forwarding address), and that the tenant may contact the landlord with questions. Never state amounts: the accounting table shows them.

Rules last reviewed October 23, 2026. Read the full New Mexico security deposit statement requirements.