Wyoming Residential Lease Agreement

Standard Wyoming Residential Lease Agreement Template_1 on iPropertyManagement.com

A Wyoming residential lease agreement (“rental agreement”) is a legal contract between a landlord overseeing a residential property and a tenant who wishes to rent it. A residential lease may, on or before move-in, additionally require a security deposit from the tenant as assurance against future property damage.

Wyoming Residential Lease Agreement Disclosures

These disclosures are required for some or all residential lease agreements in Wyoming:

Disclosure Applicable To
Non-Refundable Fees Units Charging Non-Refundable Fees
Lead Paint All Units Built Before 1978

Non-Refundable Fees

Applicable to any Wyoming rental which imposes non-refundable fees.

Charges not agreed by the tenant in the lease may be refundable upon lease termination. For Wyoming landlords to charge a non-refundable fee, it must be disclosed and agreed as such in the lease.

Lead-Based Paint Disclosure

Applicable to any Wyoming rental built before 1978.

For any property built before 1978, federal law requires that a Wyoming residential lease must contain a lead-based paint disclosure. This requires landlords to do the following:

Optional Disclosures and Addenda (Recommended)

The following lease agreement disclosures and addenda are not required by Wyoming law in residential lease agreements, but assist with tenant management and help limit landlord liability.

Optional Disclosure Purpose
Asbestos Informs tenants about any asbestos hazards related to the property. Tenants can take precautions to reduce asbestos hazards by avoiding any disturbance of asbestos fibers.
Bed Bugs Informs tenants whether the property or an adjacent unit has a history of suspected bed bug infestation, and reminds the tenant of the obligation to report suspected infestation immediately.
Fees Specifies late fees or returned check fees related to the lease. Wyoming has no restrictions on late fees, but caps returned check fees at $30. [1]
Landlord’s Name and Address Specifies the name and address of the landlord or authorized agent. This enables smooth communication of any important legal notice.
Medical Marijuana Use Informs tenants about policy related to medical marijuana use on the rental property. Some state laws allow landlords to restrict marijuana usage to non-smoking methods only, or allow use only in designated smoking areas.
Mold Disclosure Informs tenants about actual or suspected mold contamination on the property, along with any remediation efforts, to help limit landlord liability.
Move-In Checklist A move-in checklist takes inventory of existing property features and damages, to enable accurate deductions later upon move-out.
Shared Utilities Arrangements Discloses how charges are billed to individual tenants, when multiple rental units share a utility meter for the whole building or property.
Smoking Informs tenants of designated smoking areas that do not interfere with the quiet enjoyment of other tenants.

Consequences of Not Including Mandatory Disclosures

Mandatory disclosures outline important health, safety, and property information for both landlord and tenant safety. A landlord who fails to provide federally or state-mandated disclosures could face legal consequences or monetary penalties, either from a tenant lawsuit or from state officials.

Failure to comply with the federal lead-based paint hazard disclosure risks fines of tens of thousands of dollars per violation.

Sources

Any rental agreement shall state whether any portion of a deposit is nonrefundable and written notice of this fact shall also be provided to the renter at the time the deposit is taken by the owner or his designated agent.

Frequently Asked Questions

How Long Can a Residential Lease Be in Wyoming? Depending on circumstances, in Wyoming it’s usually possible to have a lease of any length of time, as long as the length of the lease term is specific and agreed in writing by the landlord and tenant. Oral leases can almost never be for a term of more than one year. Read more » Is a Contract to Lease Binding in Wyoming? Yes, a contract to lease is legally binding in Wyoming. Written leases are not valid without the signature of both parties. Oral leases may be valid in some cases (especially when both parties later behave as though there’s an enforceable oral lease), but often have strict limitations on enforceability for things like length of the lease term. Read more » Do Lease Agreements Need to Be Notarized in Wyoming? No, lease agreements do not need to be notarized in Wyoming. A notary helps establish the identity of the people signing the lease, if there’s a claim of fraud, but a notary isn’t necessary for a lease to be valid. Read more » Can a Lease Automatically Renew in Wyoming? Yes, a lease can automatically renew in Wyoming. Unlike most states, this must be written in the lease. Without a renewal clause, an expired lease becomes a tenancy at sufferance and the landlord can evict at any time. Read more »