Section 45-2-910 - Lease to commence in the future.

NM Stat § 45-2-910 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

A lease of real property to commence at a time certain or upon the occurrence or nonoccurrence of a future event becomes invalid if its term does not actually commence in possession within thirty years after its execution.

History: 1978 Comp., § 45-2-910, enacted by Laws 2011, ch. 124, § 37.

Effective dates. — Laws 2011, ch. 124, § 104 made Laws 2011, ch. 124, § 37 effective January 1, 2012.