If you’re looking to rent out your property, you’ll need a Wyoming (WY) Lease Agreement written according to Wyoming’s landlord-tenant laws. The lease agreement creates a binding relationship between you (the landlord) and your tenant. You agree to rent all (or some of) your property for a fee, and in return, the tenant agrees to the terms and conditions you lay out in the document.
1. What to Include in a Wyoming Residential Lease Agreement
Landlords in all states, including Wyoming, are required by Federal law to include essential details in their rental/lease agreements, specifically:
- Tenant/Landlord Details: names and current addresses of both the tenant and landlord
- Premises: the address of the premises being rented
- Pets: whether pets are allowed, and any other pet-related rules
- Health Hazards: any known health hazards or risks
- Rent Specifics: the amount of rent and security deposit due, and payment dates and methods
Be aware that each state has different laws that govern the relationship between you (the landlord) and your tenant(s). It’s in your best interest to learn Wyoming’s landlord-tenant laws.
2. Wyoming Landlord and Tenant Laws
Wyoming has specific regulations for landlords and tenants entering into a lease agreement. Some major regulations are as follows:
Relevant Laws:
Security Deposit:
- A landlord may request any amount of money as a security deposit from a tenant. (No statute)
- If there’s damage to the rental property and the landlord needs to retain the security deposit, they must return the remaining amount within 60 days of the end of the lease. Otherwise, a landlord must return the security deposit within thirty days. (§ 1-21-1208)
Landlord Right of Entry:
- A landlord doesn’t need to provide any prior notice before entering the rented property. It’s recommended to do so anyway. (No statute)