A New Mexico commercial lease agreement serves as a rental contract between a landlord of non-residential property and a tenant who shall conduct business from the commercial space. Such leases typically last anywhere from three to five years and include a provision that allows for renewals upon the maturity date. However, the leasing conditions may vary from case to case depending on the nature of the arrangement. Upon reaching mutual terms, all parties must sign and execute the document into effect. Any state-mandated disclosures should be attached to the lease agreement, as should a personal guarantee in the event the landlord requested the tenant to source a co-signer (guarantor).
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RentalLeaseAgreements.com Version
Download: Adobe PDF, MS Word, Rich Text Format