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LA NM105 Simple Pro-Tenant New Mexico Lease For Office, Industrial, Or Retail Commercial Property

This form is for a single tenant New Mexico lease where the tenant has superior leverage. It gives the tenant the right to use the premises for "any legal use," and has very abbreviated remedies for the landlord in the event of a tenant default. It is also pro-tenant in character because of the clauses it does not contain which customarily appear in pro-landlord forms relating to remedies and a variety of other pro-landlord provisions.

Number of Single Spaced Pages: 17

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LA NM105 Simple Pro-Tenant New Mexico Lease For Office, Industrial, Or Retail Commercial Property

 

New Mexico Commercial Real Estate Leasing

New Mexico was acquired by the United States as a result of the Mexican war.  Leading the nation in energy research, New Mexico ’s major industries are mining, natural gas, tourism and oil.  It is the country’s fifth largest state, but is only the thirty-sixth most populous.

The majority of commercial real estate leases in New Mexico relate to office buildings, shopping centers, industrial properties, and other commercial real estate located in major cities in New Mexico, which include:

  • Albuquerque
  • Santa Fe
  • Clovis
  • Farmington, and
  • Roswell