Lease Guarantor Agreement in New Mexico

A guarantor (co-signer) promises to pay if the tenant does not. Check your state's rules below before requiring one.

What New Mexico law says

Guarantor / co-signer rules	No statute limits whether a landlord may require a co-signer or guarantor. A guarantor or co-signer counts as an 'applicant,' so the application screening-fee rules protect them too: the fee may not exceed $50, the applicant must get written or digital notice and agree in writing, must get a receipt, may not be charged when the unit is not available, and may not be charged any other application-processing fees. No more than one screening fee may be charged to the same applicant for screening completed within 90 days for properties under the same ownership. The screening-fee rules took effect June 20, 2025 (Laws 2025, ch. 122). Source: NMSA 1978, §§ 47-8-3(D), 47-8-19.2, 47-8-19.3

Guarantor / co-signer rules

No statute limits whether a landlord may require a co-signer or guarantor. A guarantor or co-signer counts as an 'applicant,' so the application screening-fee rules protect them too: the fee may not exceed $50, the applicant must get written or digital notice and agree in writing, must get a receipt, may not be charged when the unit is not available, and may not be charged any other application-processing fees. No more than one screening fee may be charged to the same applicant for screening completed within 90 days for properties under the same ownership.

The screening-fee rules took effect June 20, 2025 (Laws 2025, ch. 122).

Source: NMSA 1978, §§ 47-8-3(D), 47-8-19.2, 47-8-19.3

Fill it in

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LEASE GUARANTY

Guarantor: [guarantor name], [guarantor address] Tenant: [tenant name] Landlord: [landlord name]

Lease: [rental address], dated [lease date], term [lease term].

The guarantor agrees to pay rent and other amounts the tenant owes under the lease if the tenant does not, up to $[guaranty limit or 'the amounts due under the lease'].

This guaranty covers [the original term only / renewals too]. The landlord will notify the guarantor in writing of any default.

Signatures and dates: [signatures]

Lease Guarantor Agreement for other states · New Mexico tenant rights

General legal information, not legal advice. Laws change and local rules can differ; check the linked official source or talk to a lawyer about your situation.