New Mexico business leases of state trust land are issued under Rule 9 (19.2.9 NMAC), with statutory authority in Sections 19-1-1 and 19-7-1 et seq. NMSA 1978. The rule lets the Commissioner of Public Lands condition approval on, among other things, "a bond or other adequate security to assure proper removal of improvements from trust land and the restoration of trust land." The amount is set by the Commissioner case by case — confirm the figure on your lease or conditions of approval.

What the lease bond actually covers

You need this bond if you are

Your lease bond application is in review — most clear within 1–2 business days, and an underwriter reaches out within 48 hours if anything else is needed. Watch your inbox.

5% of the bond amount, $100 minimum, for New Mexico's Commercial Land Lease Bond, required by the State Land Office under 19-7-1 NMSA 1978. Apply now.

Commercial Land Lease Bond

Final premium can vary based on underwriting factors

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Clear pricing.Instant issuance.