1. DEFINITIONS AND PARTIESThis Occupancy Agreement (“Agreement”) is made this ___ day of ____, 20____ (“Effective Date”), by and between ______ (Landlord), whose principal address is ______ and ______ (Tenant), whose current address is ______.
2. PREMISESThis Agreement concerns premises located at ______ (Address of Premises), New Mexico together with any personal property located thereon (collectively, the “Premises”). The Premises will be used for residential purposes only.
3. TERMThis Agreement will begin on ______ (Start Date) and will continue until ______ (End Date), unless earlier terminated in accordance with this Agreement or applicable New Mexico law.
4. RENTThe Tenant agrees to pay ______ (Monthly Rent) per month, due on the first day of each calendar month.
5. SECURITY DEPOSITUpon execution of this Agreement, Tenant will deposit with Landlord the sum of ______ (Security Deposit) as security for any damage caused to the Premises during the term of this Agreement.
6. REPAIR AND MAINTENANCETenant will keep the Premises in clean, sanitary, and good condition. If any damage beyond normal wear and tear is caused to the Premises by Tenant or Tenant’s guests, Tenant will notify Landlord immediately.
7. INSURANCETenant will maintain adequate insurance to cover all personal property located on the Premises. The Landlord is not responsible for any loss of Tenant’s personal property.
8. DEFAULTIf Tenant fails to comply with any of the material provisions of this Agreement, or of any present rules and regulations governing the Premises, Landlord may terminate this Agreement upon providing proper notice to Tenant.
9. TERMINATIONUpon termination of this Agreement, Tenant will return the Premises and all property of Landlord in a clean and good condition.
10. GOVERNING LAWThis Agreement will be governed by and construed in accordance with the laws of the State of New Mexico.
11. ENTIRE AGREEMENTThis Agreement contains the entire agreement of the parties and there are no other promises, conditions, understandings or other agreements, whether oral or written, relating to the subject matter of this Agreement.
12. BINDING EFFECTThis Agreement shall be binding upon, and shall inure to the benefit of, the parties hereto and their respective heirs, executors, administrators, successors and assigns.
Date: ______ ______ (Tenant)
Date: ______ NOTE: This is a standard occupancy agreement template and may not include all legal provisions required or preferred. Both parties should read the agreement carefully. It is recommended to consult with a New Mexico licensed attorney before using this agreement.
When dealing with property matters in New Mexico, the Occupancy Agreement Template is an essential document to secure your interests. It coincides effectively with the Contract for Deed Template and the Contract for Sale of Real Estate, both of which cater to property sales.
Whether you’re a landlord or tenant, it’s important to have a comprehensive contract in place. The Contract for Rental Property serves this purpose well, allowing both parties to clearly set out their terms. The Room Rental Agreement Template is another invaluable tool for those involved in sharing or subletting a property.
For business owners planning to lease a commercial property, the Commercial Lease Agreement Template provides an excellent framework to outline all necessary terms and conditions. All these templates can make your property transactions in New Mexico easier and more secure.