§ 3-54-1 Authority to sell or lease municipal utility facilities or real property; notice; referendum
§ 3-54-2 Sale, exchange and gift of property
§ 3-54-3 Supplemental method for disposing of municipal property
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Terms Used In New Mexico Statutes > Chapter 3 > Article 54 - Sale or Lease of Property

  • Appraisal: A determination of property value.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • 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
  • Personal property: All property that is not real property.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.