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Free New Mexico Parking
& Storage Addendum Template

The addendum is signed by the same parties as the lease it attaches to.

Last reviewed September 2026

Written by LawLease Editorial

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New Mexico Parking & Storage Addendum

This Parking & Storage Addendum is built with New Mexico as the governing state. These are the New Mexico landlord-tenant rules that most often bear on it, with the statute for each.

New Mexico rules at a glance

New Mexico rules for a Parking & Storage Addendum
Late feesOnly if the lease provides for one; max 5% of the rent per rental period (down from 10% since June 20, 2025)NMSA §47-8-15(D)
Landlord entry24 hours’ written notice stating the purpose, date and estimated time frameNMSA §47-8-24

Rent, late fees & fee rules

Rent is payable without demand or notice at the time and place the parties agree (§47-8-15). Senate Bill 267, effective June 20, 2025, rewrote the fee rules — leases drafted before then often recite limits the law no longer allows.

  • Late fees — A late fee is allowed only if the rental agreement provides for one, and it can’t exceed 5% of the rent for each rental period the resident is in default. The 5% is calculated on rent alone — not deposits, other fees or utilities — and the owner must give notice of the fee no later than the last day of the next rental period (§47-8-15(D)).
  • Rent increases — In a month-to-month residency the owner must give written notice of an increase at least 30 days before the periodic rental date; for a fixed term, at least 30 days before the term ends. For a periodic residency shorter than a month, notice must come at least one rental period ahead (§47-8-15).
  • Fee increases — Since 2025, raising a recurring fee also requires advance written notice — 60 days for a month-to-month residency (§47-8-19.4).
  • Screening fees — An applicant screening fee is capped at $50, must be refunded if no screening is done, and only one fee may be charged to the same applicant within 90 days (§§47-8-19.2, 47-8-19.3). All rental costs must be itemized in the published listing (§47-8-19.1).
  • Rent control — Cities and counties — including home-rule municipalities — may not enact rent control on privately owned housing (§47-8A-1). A 2025 bill to repeal the ban (SB 216) did not pass.

Landlord entry & access

Generally, the owner may enter only after giving 24 hours’ written notice of the intent to enter, the purpose, and the date and a reasonable estimate of the time frame of the entry (§47-8-24). A phone call or text alone does not satisfy the statute.

Written notice isn’t required when the owner enters to make repairs or provide services the resident requested within the previous seven days, or when accompanied by a public official conducting an inspection or a utility or cable representative. If the resident reasonably proposes another time, the owner should try to accommodate it. Emergency entry is allowed without notice, and the owner may not abuse the right of access to harass the resident (§47-8-24).

New Mexico Parking & Storage Addendum FAQs

What is the maximum late fee in New Mexico?

5% of the rent for each rental period the tenant is in default — cut from 10% effective June 20, 2025. The lease must provide for the fee, it’s calculated on rent only, and the owner must notify the tenant of it by the end of the following rental period (NMSA §47-8-15(D)).

More New Mexico landlord documents

Parking & Storage Addendum in other states

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