Wyoming Lease Agreement Template – Forbes Advisor


Published: Nov 14, 2023, 4:00am

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When a landlord agrees to let another person or group use their property, it’s to the benefit of both parties—and sometimes a legal requirement—that they create a lease agreement.

This article will outline the requirements of a valid Wyoming rental contract and how it can protect the rights of tenants and landlords. We also provide a free template that you can use as the basis of a Wyoming lease. Enter your email address below to get our lease template, tailored to comply with Wyoming law.

What Is a Lease Agreement?

A lease agreement is a legal contract that outlines the terms and conditions of renting a property. This binding document establishes the rights and responsibilities of both parties—landlord and tenant—throughout the lease term.

The lease details key aspects such as:

  • Rent amount
  • Payment schedule
  • Security deposits
  • Lease duration
  • Maintenance obligations
  • Restrictions on the use of the property

It serves as a vital framework for the landlord-tenant relationship, ensuring clear communication and expectations. Leases provide legal protection for both parties by defining their respective rights in case of disputes or violations. A well-drafted lease helps prevent misunderstandings. It promotes a harmonious rental experience while adhering to the laws and regulations governing rental agreements in Wyoming.

When Is a Lease Agreement Used in Wyoming?

Generally, a lease agreement is used whenever a property owner agrees to let someone else use their property for a period of time. In Wyoming, a rental agreement should always be in writing. While the law may not require it, a written contract can prove invaluable if there is a disagreement between landlord and tenant.

Who Typically Creates a Lease Agreement?

The landlord usually takes on the responsibility of writing the residential lease. This makes sense, as one of the critical elements of a written rental contract is a description of the property, and tenants may not be familiar enough with the rental property when they begin a new lease.

There is no requirement, however, that the landlord write the lease. Tenants can draft a residential lease themselves. In either case, both parties can negotiate the lease terms before signing, though this is more common in commercial than residential leases.

What Parties Are Involved in a Lease Agreement?

There are always two parties to a lease: the lessee and the lessor. The lessee is the tenant or tenants who will be using the property. The lessor is the landlord who owns the property and allows its use.

If the tenant or tenants have bad credit or low income, the landlord may require a third party to the lease—a cosigner or guarantor. A guarantor, as the name suggests, is on the lease to guarantee the tenant honors the rental contract. Usually, this means that the guarantor agrees to pay the rent if the tenant doesn’t.

What Should Be Included in a Wyoming Lease Agreement?

A lease agreement has to include:

  • A clear demonstration that the landlord and tenant intend to create a landlord-tenant relationship
  • Identification of all parties
  • A description of the property
  • The amount and term of the rent

The description of the property can be as simple as the address.

In addition to what’s required to form a written lease in Wyoming, it’s a good idea to include many other elements.

The landlord should, for example, be sure to include things like how the rent should be paid, what the penalty is for late or missed payments and any other tenant responsibilities.

  • The tenant, on the other hand, would want to know:
  • How much notice they need to provide if they want to renew at the end of the lease,
  • When the landlord might ask for access to the property or
  • How to reach the landlord or their agent when something breaks.

Frequently Asked Questions (FAQs)

How much can a landlord increase the rent in Wyoming?

There are no caps on how much a landlord can increase the rent in most states. In Wyoming, there are no rent controls.

What rights does a tenant have in Wyoming?

A lease in Wyoming is a contract between the tenant and landlord. Like any contract, both parties can negotiate the terms—at least in theory. In practice, landlords may be unwilling to alter their residential lease.

It doesn’t hurt to ask, however. It’s also important to know that a lease can’t contain terms that are illegal.

Does a lease need to be notarized in Wyoming?

A Wyoming lease does not need to be notarized to be valid and enforceable. In fact, notarizing a lease is extremely rare—increasingly so as more and more residential leases are e-signed.

Lease Agreements By State

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Adam Ramirez has been writing and editing about the law and legal issues for more than 20 years. After earning a law degree from the University of Arizona, he clerked for two years for a U.S. District Court judge. He researched and wrote legal precedent in published opinions on behalf of the Court. He previously was an editor, columnist and journalist at the Miami Herald, The Dallas Morning News, The Oregonian, Golf Digest, FindLaw.com and other media outlets.

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