In this paper, we prove a common fixed point theorem for a pair of weakly compatible mappings in fuzzy metric space using the joint common limit in the range property of mappings called (JCLR) property. An example is also furnished which demonstrates the validity of main result. We also extend our main result to two finite families of self mappings. Our results improve and generalize results of Cho et al. [Y. J. Cho, S. Sedghi and N. Shobe, "Generalized fixed point theorems for compatible mappings with some types in fuzzy metric spaces," Chaos, Solitons & Fractals, Vol. 39, No. 5, 2009, pp. 2233-2244 and several known results existing in the literature.