The bill amends the New Mexico Uniform Owner-Resident Relations Act to increase the notice period for nonpayment of rent from three days to ten days. Specifically, if a resident fails to pay rent when due, the owner must provide written notice of nonpayment and their intention to terminate the rental agreement. The resident then has ten days to pay the full amount due before the owner can terminate the agreement and seek possession of the dwelling unit. This change aims to provide residents with more time to remedy their nonpayment before facing eviction.

Additionally, the bill includes various amendments to clarify the process for addressing breaches of rental agreements. It specifies that written notices must detail the nature of the breach and the timeline for remedying it, while also establishing defenses for residents in cases involving domestic violence or lack of knowledge about a substantial violation. The amendments seek to enhance protections for residents while ensuring that owners can effectively manage their rental agreements.

Statutes affected:
introduced version: 47-8-1, 47-8-33