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Wyoming Rental Lease Agreement | Laws

A Wyoming lease agreement is a contract between a lessor and lessee that spells out the rental conditions for commercial or residential property. Lease agreements allow the lessee, or “tenant,” to occupy a property for a specified period in exchange for rent payments. Before authorizing a tenancy, landlords often require a security deposit from the applicant. This process not only proves that the tenant is a serious renter, but it ensures that the landlord will be somewhat compensated in the event the tenant damages the property.

Rental Application – Tenant seeking to lease property should complete a rental application to provide their personal information and authorize the landlord to run a background check.

Contents

Agreements: By Type (7)


Commercial Lease Agreement – A real estate document that allows a tenant to occupy a commercial space for the purpose of conducting business activity.

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College Roommate Agreement – Students may use this agreement to define the rules that each occupant must abide by while residing in a shared dwelling.

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Lease with Option to Purchase (Lease to Own) – A fixed-term lease that includes additional terms that enable the renter to purchase the property they were previously leasing.

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Month to Month Lease Agreement – A rental contract that only guarantees tenancy for one (1) month but will renew after each subsequent month until terminated by either the landlord or the tenant.

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Roommate Agreement – Used by both tenants and landlords to outline the rights and responsibilities of each occupant in a shared living space.

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Standard (1-year) Lease Agreement – Establishes a rental arrangement in which a tenant pays a landlord rent in exchange for occupying a residential property for one (1) year.

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Sublease Agreement – Allows a subtenant to occupy all or portion of a tenant’s leased space for a pre-determined duration. It should be noted that the landlord’s consent is usually required before subletting is permitted.

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Landlord-Tenant Laws

Disclosures

Nonrefundable Deposit (§ 1-21-1207) – The landlord must state in the rental agreement whether any portion of the tenant’s security deposit is nonrefundable. A written notice of this fact must also be given to the tenant upon acceptance of the deposit.

Landlord’s Access

General Access (§ 1-21-1205(a)(iii)) – A renter cannot unreasonably deny entry to a residential unit when the landlord needs to inspect the premises, make repairs, or show the unit to prospective tenants or purchasers.

Emergency Access – Not mentioned in state statutes.

Rent

Grace Period – Not mentioned in state statutes.

Maximum Fees ($) – Not mentioned in state statutes.

Rent Increase Notice – Not mentioned in state statutes.

Security Deposits

Maximum Amount ($) – Not mentioned in state statutes.

Returning to Tenant (§ 1-21-1208(a)) – The deposit must be returned to the tenant within either thirty (30) days after the tenancy expires or fifteen (15) days of the tenant informing the landlord of their new address, whichever is later.

Interest Required? (§ 1-21-1208(a)) – Security deposits may be returned to the tenant without interest.

Separate Bank Account? – Not mentioned in state statutes.