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Current as of January 01, 2024 | Updated by Findlaw Staff
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:
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.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 47. Property Law § 47-5-4. Conditions affecting use or occupancy of subdivided land; written disclosure prior to sale - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-47-property-law/nm-st-sect-47-5-4/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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