So if a landlord states there is one months rent's worth of deposit PLUS any extra "pet deposit" as added charge to the deposit, if the lease is for ONE year or less, I am understanding that it would not be legal? or is there a loophole that allows for extra pet deposit?
Ill read though the web link as well. thanks again.
The best way to understand the landlord-tenant law is to look at the law itself, NMSA 47-8-1 through 47-8-51, the "Uniform Owner-Resident Relations Act", see: http://www.thelpa.com/lpa/landlord-tenant-law/new-mexico-lan