With seven national parks, a low cost of living, and a booming job economy, Wyoming is a great option for people looking to relocate. Home values are currently on the upswing, and median rent prices are above average here. With low property tax and crime rates, Wyoming is a great place to invest in rental property.
Laws that impact the rental market, landlords, and tenants are constantly being decided in states. Make sure you know what’s on your ballot – find Wyoming voting information.
When it comes to Wyoming rental laws, there are a few specifics landlords need to know:
There are no additional fees specified in this section.
Landlords who impose a nonrefundable fee must state that it is nonrefundable in the lease agreement.
There are three sections to a residential lease agreement. The first section outlines the custom details of the contract, such as who’s involved and for what address. Here’s an example Wyoming lease agreement listing details found in Section 1:
Below are brief answers for some of the most commonly-asked questions when it comes to landlord-tenant law in Wyoming.
Tenants can only withhold rent in Wyoming if the landlord fails to make repairs necessary for livability within the property.
The eviction process typically takes around 30 days in Wyoming.
Yes. With no limits on rent, a quick eviction process, the ability to enter the unit at any time, and no time requirement to make repairs, Wyoming is one of the more landlord-friendly states.
You can evict a tenant for two reasons in Wyoming, violating the lease agreement or not paying rent. The first step taken in the eviction process is to supply the tenant with notice. The tenant then has three days to cure their violation, and if they fail to do so, then the landlord may file for eviction. The tenant must then be served within three to 12 days. There is no requirement for how soon a court hearing must be held after the eviction is served. If the judge rules in favor of the eviction, then a writ of restitution will be issued within a few hours to a few days. Once the tenant receives this, they must move out within two days.
The state of Wyoming does not require renters insurance, however, individual landlords may.
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