Property Management
In New Mexico, a 'casualty clause' in a residential lease typically addresses:
ATenant's insurance requirements
BWhat happens if the property is substantially damaged or destroyed during the lease term✓ Correct
CTenant liability for guests
DLandlord's right to enter after a casualty
Explanation
A casualty clause specifies the parties' rights if the property is substantially damaged (fire, natural disaster)—typically allowing lease termination or rent abatement if the unit becomes uninhabitable.
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