Most Commonly Used Wyoming Lease Agreements
Residential lease agreements are the most commonly used leases in Wyoming. These include an annual standard lease agreement, a month-to-month lease, a lease to own agreement, a roommate agreement, and a sublease agreement.
While all of the most commonly used Wyoming lease agreements share many of the same elements, they also have some distinct differences.
- For example, a roommate agreement may outline which areas in the rental unit or apartment are for the exclusive use of the roommate and which areas may be used by all of the residents.
- A standard residential lease agreement may be for a year, and upon termination of that year, switch to a month to month or automatically renew. However, it may be similar to a month to month lease in some ways. For instance, both may require a 30 day written notice to move out at the end of the agreement if the tenant and landlord do not plan to renew their agreement.
How to Write a Wyoming Lease Agreement
Wyoming lease agreements must follow the state’s landlord-tenant laws or they cannot be enforced by the court. There are other laws that must be considered as well. You’ll learn more about some of them under the sections related to disclosures and security deposits.
Before signing a Wyoming lease agreement, read it carefully or have it reviewed by an attorney.
A Wyoming lease agreement should include the following:
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Names of the Parties - This is the landlord’s name or the name of the property management company as well as the legal name of the tenant(s).
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Property Address - This is the full street address of the rental property. It should include the city, zip code, and unit or lot number if there is one.
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Term Information - This is the type of lease agreement the parties agree to enter into. For example, a month-to-month lease or a fixed term. A fixed-term lease means that the parties agree that the tenant will hold possession of the property for a certain amount of time, usually one year. If it is a fixed lease, this section should include the date the lease ends.
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Rental Amount - This section includes the date the lease begins, the amount of the monthly rent, the day of the month the rent is due, and the address where the rent may be paid.
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Late Fee - This section documents the amount of the fee that the tenant must pay if they do not pay the rent on time.
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Security Deposit - This is the amount of money that must be paid in advance of the tenant taking control of the property. A security deposit is used to repair damages caused by the tenant.
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Initial Payment - This is the total amount of money that the tenant must pay to move into the rental property or unit. This should include the amount of the first month’s rent, the security deposit, and the total of the two numbers added together.
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Occupants - This section includes the full name of each tenant even if they are a minor or are not signing the lease.This part of Wyoming residential lease agreement establishes who will reside in the residential unit. For commercial space leases, it designates those who have permission to use the space. If the presence of additional occupants changes the price of the rent, it should be included in this section.
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Utilities - This section explains which utilities or services a tenant does not pay.
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Parking - This section informs the tenant if they will receive a parking space. If a parking space is reserved and there is a designated spot, the spot should be listed in this section.
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Furnishing - This section tells tenants what they are allowed to install (such as a dishwasher or a washing machine) or what they may not install. If the tenant is not allowed to bring their own appliances, that should be designated in this section.
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Notices - This section documents the names of the landlord or property manager and tenant along with their address. This contact information is used if the parties need to send out a notice to the other party.
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Eviction - This informs tenants how eviction would be carried out in the event of nonpayment or breach of other lease terms.
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Additional Terms - This section lists any other terms that the parties agreed to that haven’t been included in any other section of the lease agreement.
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Signature and Terms - The document should be signed and dated by all parties.
Which Disclosures Belong in a Wyoming Lease Agreement?
Under Wyoming law, landlords must disclose if any fees are non-refundable in the rental agreement. Under federal law, if the dwelling was built before 1978, the landlord must provide a disclosure about the possibility of lead paint.
What You Need to Know About Wyoming Lease Agreement Deposits
There is no limit on how much a landlord in Wyoming may request as a security deposit. The landlord must return the deposit within 30 days of the end of the lease or 15 days after receiving the tenant’s new address, whichever is later.
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