New Mexico Security Deposit Law
Return deadline, statute, and penalties for New Mexico renters.
Return deadline
30 days
Penalty for late or wrongful withholding
Amount withheld plus a $250 civil penalty for bad faith
Governing statute
N.M. Stat. Ann. § 47-8-18
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Check my New Mexico deadlineNew Mexico security deposit questions
How long does a landlord have to return a security deposit in New Mexico?
Under N.M. Stat. Ann. § 47-8-18, a New Mexico landlord generally has 30 days to return the deposit or provide an itemized statement of deductions.
What happens if a New Mexico landlord returns the deposit late?
Amount withheld plus a $250 civil penalty for bad faith. Courts usually decide whether a penalty applies, and many states require showing the landlord acted in bad faith.
Can a New Mexico landlord deduct from my deposit?
Landlords can generally deduct for unpaid rent and damage beyond normal wear and tear, and must explain deductions in writing.
How do I demand my security deposit back in New Mexico?
Send your landlord a written demand letter that cites N.M. Stat. Ann. § 47-8-18, states the amount owed, and sets a deadline to pay. Send it by certified mail and keep a copy. If the landlord doesn't pay, the letter is useful evidence in small claims court.
Last reviewed October 21, 2026. Read the official text of N.M. Stat. Ann. § 47-8-18. This page is general information, not legal advice. See our terms of use.