Property Management
Under New Mexico law, when may a landlord enter a tenant's unit for non-emergency repairs?
AAt any time during business hours without notice
BWith at least 24 hours' notice and at a reasonable time✓ Correct
COnly with the tenant present
DOnly with a court order
Explanation
New Mexico's UORRA requires landlords to give at least 24 hours' written notice before entering a tenant's unit for non-emergency maintenance or repairs, and entry must be at a reasonable time.
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Key Terms to Know
Earnest Money
A deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
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