Property Management
In New Mexico, a landlord who wishes to increase rent for a tenant on a fixed-term lease before expiration must:
AGive 30 days' notice and raise rent
BNot raise rent during the fixed term unless the lease specifically allows for it✓ Correct
CGet NMREC approval
DGet court approval
Explanation
During a fixed-term lease, the rent is set for the lease period. The landlord cannot raise rent mid-term unless the lease contains an escalation clause specifically allowing such increases.
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