Demand return of earnest money when deal fell through within contingency terms. This template is customized for New Mexico residents with relevant state law citations.
New Mexico Legal Requirements
Your demand letter should reference New Mexico-specific laws including NMSA § 47-8-18.
- NMSA § 47-8-18
Next Steps if They Ignore You
If your demand goes unanswered, you can escalate to New Mexico small claims court or file a complaint with New Mexico Attorney General Consumer Protection.
The Rules They Don't Want You to Know
The Clock is Your Weapon
Most states give landlords 21-30 days to return your deposit or provide an itemized list of deductions. Know your state's deadline.
Document Everything
Photos, videos, inspection reports – evidence is king. Got proof? Use it.
Make Them Show Their Math
They can't just pocket your cash. Demand itemized deductions. No receipts? Demand a full refund.
The Security Deposit Power Play
Many states allow for double or triple damages for bad faith retention. Know the law, and don't be afraid to use it.
Earnest Money Return FAQs for New Mexico
What laws protect me in New Mexico for earnest money return?
New Mexico consumers are protected by NMSA § 47-8-18. Your demand letter should reference these specific statutes.
What is the small claims limit in New Mexico?
The small claims court limit in New Mexico is $10,000. If your dispute exceeds this amount, you may need to file in a higher court.
How long do I have to file a claim in New Mexico?
Deadlines vary by claim type. Generally, you should send your demand letter as soon as possible after the dispute arises.
Create Your New Mexico Demand Letter
Generate a professional earnest money return demand letter tailored for New Mexico. Our free tool includes relevant state law citations.
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