New Mexico Statutes 47-5-4. [Conditions affecting use or occupancy of subdivided land;
written disclosure prior to sale.] It shall be unlawful to sell or lease until there has been disclosed in writing to the purchaser or lessee of a lot or parcel in the subdivided land, the following:
Terms Used In New Mexico Statutes 47-5-4
- 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
A. all restrictions or reservations of record which subject the subdivided land to any unusual conditions affecting its use or occupancy;
B. the fact that any street or road facilities have not been accepted for maintenance by a governmental agency when such is the case;
C. availability of public utilities in the subdivision including water, electricity, gas and telephone facilities;
D. if water is available only from subterranean sources the average depth of such water within the subdivision;
E. the complete price and financing terms or rental; and
F. the existence of blanket encumbrances, if any, on such subdivision, unless such blanket encumbrances provide for a proper release or subordination of said blanket encumbrances to such lot or parcel.