Property Management
In New Mexico, the maximum security deposit a landlord may charge for an unfurnished residential unit is:
AOne month's rent
BOne month's rent (no statutory limit above that for unfurnished units in NM)✓ Correct
CTwo months' rent
DThree months' rent
Explanation
New Mexico's UORRA does not impose a specific statutory cap on security deposits for unfurnished residential units (though landlords cannot charge more than one month for furnished). Market practice and fairness govern.
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