New Mexico 2023 Regular Session

New Mexico Senate Bill SB411

Introduced
2/13/23  

Caption

Housing & Rent Changes

Impact

A notable change introduced by SB411 is the increase in the time permitted for owners to provide nonpayment notices and to remedy such situations before taking further action. This creates a more tenant-friendly approach by providing them additional time to settle their outstanding payments. Moreover, the bill prohibits property owners from refusing to renew or seeking to terminate rental agreements during declared emergencies or disasters if the termination is solely based on nonpayment of rent, reinforcing tenant stability during difficult times.

Summary

Senate Bill 411 addresses several significant aspects of housing and rental agreements, particularly in the context of tenant protections. The bill clarifies the requirement for a written statement of deductions by the property owner in instances of nonpayment, thereby increasing transparency for renters regarding how their deposits can be applied in these situations. It also specifies that civil penalties for violations can be increased, providing a stronger deterrent against landlord misconduct. Furthermore, the bill extends the period allowed for renters to remedy nonpayment of rent, enhancing protections for tenants facing housing insecurity.

Contention

Points of contention surrounding SB411 may emerge from differing perspectives on the balance between tenant rights and property owner rights. Supporters argue that the bill enhances tenant protections and prevents homelessness caused by immediate nonpayment evictions, while opponents may express concerns over property owners losing their rights and ability to make timely decisions regarding their properties. Some fear that stringent tenant protections could create an environment detrimental to landlords, potentially leading to higher risks for property management and investment returns.

Companion Bills

No companion bills found.

Previously Filed As

NM HB6

Housing & Rent Changes

NM HB65

Housing Modernization Changes

NM SB267

Housing Application Fees

NM SB375

Rent Increases & Air Conditioning

NM SB298

Mobile Home Park Act Changes

NM HB418

Mobile Home Rental Agreements & Landlords

NM SB207

Lodgers' Tax, Affordable Housing & Rentals

NM SB180

Self-service Storage Rental Changes

NM SB400

Release Of Certain People From Rent Agreement

NM HB442

Mobile Home Rent Stabilization

Similar Bills

NM HB65

Housing Modernization Changes

NM HB6

Housing & Rent Changes

NM SB298

Mobile Home Park Act Changes

NM HB418

Mobile Home Rental Agreements & Landlords

NM SB400

Release Of Certain People From Rent Agreement

NM SB375

Rent Increases & Air Conditioning

NM HB462

Nonpayment Of Rent Notice Period

LA SB182

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