Section 47-5-4 - Conditions affecting use or occupancy of subdivided land; written disclosure prior to sale. - New Mexico Statutes

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