Start a comprehensive and legally binding Wyoming lease agreement to rent real estate you own to one or more tenants. Get guidance on each step and expert tips with the help of our contract maker.
Last Update November 29th, 2022
- What Is a Wyoming Lease Agreement
- Types of Wyoming Lease Agreements
- Disclosures for Wyoming Lease Agreements
- Wyoming Residential Lease Agreement Sample
- Other Real Estate Documents
- FAQs About Wyoming Lease Agreement
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What Is a Wyoming Lease Agreement
A Wyoming lease agreement is used to establish the terms and conditions that a landlord and tenant must follow in regard to a rental property. It is written in a way that complies with the laws of the state in which the property is located.
The following information should be included in a WY lease agreement.
Period of time in which the tenant can occupy the property
Amount of rent that should be paid
Details about security deposits
Frequency of rental payments
Information about additional costs
Usage terms of the property
Eviction terms and procedures
Types of Wyoming Lease Agreements
There’s more than one type of lease agreement in Wyoming and selecting the correct one can be crucial. Each kind refers to a different type of property and/or rental situation. Therefore, you must create the right class of document, in order for your lease agreement to cover all the necessary terms.
The most common types of lease agreements in WY include:
|Type of Lease Agreement||Description|
|Standard||Fixed set of terms that both the landlord and tenant commit to for a series of months or years.|
|Rent-to-own||Rent-to-own options allow the possibility for tenants to purchase the property they are renting.|
|Month-to-month||Similar basic terms to standard lease agreements, but they can be renewed or ended each month.|
|Commercial||Utilized by tenants that intend to use a piece of real estate to run a business.|
|Room rental||For rental properties that are located within shared living areas.|
|Condo or mixed unit||Used by landlords of properties that have multiple rental units, such as duplexes or cooperatives.|
|Sublease||Permits tenants to assign or “sublease” the property to another person.|
Disclosures for Wyoming Lease Agreements
Wyoming lease agreements must contain a few disclosures and addendums when they are completed and signed. This is to properly inform the tenant of any health risks or potential issues with the property, or details about how the property is managed that they must be aware of.
These essential addendums include the following:
Lead paint disclosure: If the rental unit is in a building constructed before 1978, the landlord or their agent must disclose whether lead paint can be found on the property and must provide safety information for any located on the premises.
Nonrefundable Fees: If part of the security deposit or any other fee is non-refundable, this must be stated in the lease (§ 1-21-1207).
Wyoming Lease Agreement Laws
A Wyoming lease agreement must be written and signed within the laws of WY state, otherwise, it will be legally contestable and can be declared invalid and block either party from recourse if a violation is committed. These will police how you start and end the contract and control what procedures you can reasonably ask a tenant to follow.
The most important laws to consider when you are renting a property in Wyoming include:
Security deposits:There is no limit to the amount Wyoming landlords may charge as a security deposit. This must be returned to the tenant within 30 days of vacating the property or 15 days of receiving receipt from the tenant of their forwarding address (whichever is later) (§ 1-21-1208(A)).
Landlord’s right to enter: Landlords can enter the rental property without giving any notice to the tenant. However, it is recommended that reasonable notice is provided and that the property is entered at a reasonable time.
Wyoming Residential Lease Agreement Sample
Looking over a completed Wyoming lease agreement sample is a good place to start when you’re planning to create your own document. Use our template example below to understand the information that goes into this form and to learn more about what your document can do.
FAQs About Wyoming Lease Agreement
It is important to carefully prepare a WY lease agreement to suit the needs of the landlord and tenant exactly. To help demystify the process a little, simply review our FAQs below to learn more about the specificities of rental contracts in Wyoming.
How to Get a Lease Agreement in Wyoming?
It is possible to create a Wyoming lease agreement completely online. Using our residential lease agreement maker you can tailor your document for your specific needs and take advantage of professional templates and expert tips.
How to Write a WY Lease Termination Letter?
If either the landlord or tenant needs to terminate a Wyoming lease agreement early for any reason , they must provide the correct amount of notice in a written WY lease termination letter.
This letter needs to contain the following information:
The name of the landlord and the tenant
The date the letter has been written and signed
The name and address of the property in question
Information explaining why the tenancy needs to be terminated early
The reason the lease is being broken
The date that the resident will vacate the property
Acknowledgment of any penalties that will be incurred
Signature of the signing party
When Can a Landlord Change The Lease?
Usually, a Wyoming lease agreement cannot be changed once it is signed. Its terms will remain fixed until it reaches its agreed expiration date or it is terminated due to a violation by either party.
With a rental agreement or month-by-month tenancy, however, the terms of the agreement can potentially be changed each rental period. This means the landlord can amend or end the terms of the contract at the end of a 30 day rental period.