RENT CONTROL & CERTAIN ENTITIES

SB 216 repeals a state law that previously banned cities and towns in New Mexico from enacting rent control on privately owned rental properties. This change would allow local governments to create their own rent control policies for residential buildings. The bill directly affects landlords, tenants, and municipal governments by removing the legal barrier to local rent regulation. It does not create new rent control rules itself but enables communities to develop their own policies. The bill was referred to committees but was postponed indefinitely in June 2025.