New Mexico Late Rent Fee Rules

What New Mexico law says

• 47-8-15(D): late fee not to exceed ten percent of the total rent payment for each rental period.
• 47-8-15(D): the owner must provide notice of the late fee charged no later than the last day of the next rental period.
• 47-8-15(B): rent is payable without demand or notice at the time and place agreed upon by the parties.
• The court pamphlet says amounts due in a three-day notice include late charges if provided for in the lease or rental agreement.

Steps for a landlord

• Put the late fee in the written rental agreement.
• Keep the fee at or below ten percent of the rent payment per rental period.
• Send notice of the charged fee by the end of the next rental period.
• Check the current statute for a grace period.

What to put in the notice

• The lease clause that allows the late fee
• The rent due date and any grace period
• The late fee amount and the total now owed
• How and where the tenant can pay
• The date and your signature

Things to watch

• The excerpt we read does not state a grace period; check the statute or a local attorney.
• The statute text is a 2019 publication; confirm it is current.
• Cities and counties can add their own rules, including rent control and extra notice requirements. Check your local rules too.

About this page

We checked this page against the official sources listed below in November 2026. Where an official page did not say something, we say so. Laws change and courts read them differently, so confirm the current rule with the statute, the court or a local attorney before you act. This is general information, not legal advice.