New Mexico § 47-5-4 [Conditions affecting use or occupancy of subdivided land;

New Mexico Statutes

§ 47-5-4 — [Conditions affecting use or occupancy of subdivided land;

New Mexico·Ch. 47 Property Law·Art. 5 Subdivisions Generally

written disclosure prior to sale.] 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

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written disclosure prior to sale.] 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.

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