New Mexico Security Deposit Laws 2026
Here's what New Mexico law says about security deposit returns, deadlines, and penalties. All information is sourced from NM Stat. § 47-8-18.
Return Deadline
30 calendar days
from move-out date to return your deposit
Penalty for Violations
Actual damages sustained
If the landlord violates the deadline, they may forfeit ALL right to withhold any portion of your deposit.
Deposit Cap
Maximum security deposit: 1 month rent
Itemization Requirements
- Itemized statement required: Yes
- Itemization deadline: 30 days
- Receipts required: No
Interest Requirements
Interest on your deposit is required (rate varies).
Statute of Limitations
- Written lease: 6 years
- Oral lease: 4 years
Small Claims Court
Maximum claim: $10,000
Attorney fee shifting available — you may recover attorney fees if you win.
Primary Statute
Think your landlord violated New Mexico law?
Generate a demand letter that cites NM Stat. § 47-8-18 and puts your landlord on notice.
This is not legal advice. Reclaim provides legal information and document generation tools. The information on this page is sourced from NM Stat. § 47-8-18 and is current as of January 1, 2020. For specific legal questions, consult a licensed attorney in New Mexico.