Any tenancy or other estate at will or lease in a mobile home park may be terminated upon the landlord’s written notice to the tenant requiring, in the alternative, payment of rent and utility charges or the removal of the tenant’s unit from the premises, within a period of not less than three days after the date notice is served or posted, for failure to pay rent when due. Rent shall not be increased without sixty days’ written notice to the tenant.

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Terms Used In New Mexico Statutes 47-10-6

  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC