New Mexico · NM
In New Mexico, a landlord must return a security deposit within 30 calendar days.
- Return deadline
- 30 calendar days
- Itemized statement
- Required
- Move-in condition list
- Not required by statute
- Maximum deposit
- No statutory cap
- Interest on deposit
- Required
If the landlord withholds in bad faith
Failure to provide the itemized list forfeits the landlord's right to withhold any portion of the deposit and to counterclaim, and makes the landlord liable for the tenant's court costs and reasonable attorney's fees; bad-faith retention carries a separate $250 civil penalty payable to the resident (§47-8-18.D-E).
Capped at 1 month's rent for leases under 1yr (A(2)); no cap for 1yr+ leases, but interest required if deposit exceeds 1 month's rent (A(1)). Itemized statement due 30 days after termination/departure. No move-in checklist found. NM official site unreachable; verified via FindLaw+Justia.