2016 New Mexico Statutes
Chapter 45 - Uniform Probate Code
Article 2 - Intestate Succession and Wills
Part 9 - UNIFORM STATUTORY RULE AGAINST PERPETUITIES; HONORARY TRUSTS; TRUSTS FOR PETS; TIME LIMITS ON OPTIONS IN GROSS AND CERTAIN OTHER INTERESTS IN REAL PROPERTY
Subpart 3 - . Time Limits On Options In GrossAnd Certain Other Interests In Real Property
Section 45-2-910 - Lease to commence in the future.

NM Stat § 45-2-910 (2016) What's This?

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

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.

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