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Wyoming · C2 Jurisdictional facts · 4 min read

Wyoming Security Deposit Laws: Maximum Cap, Return Timeline, and Itemized Deductions

Direct statutory answer

Landlords in Wyoming must adhere to specific statutory requirements regarding security deposits, including maximum caps, return timelines, and itemized deductions.

WYOMING STATUTORY RECORDSecurity Deposit Statute Wyoming Security Deposit Laws: Maximum Cap,Return Timeline, and Itemized Deductions ESCROW TRUST ACCOUNTDedicated Escrow Account• No commingling with operating funds• Bank name & address notice to tenant• Interest-bearing escrow where mandatedINITIAL DEPOSIT: $2,400.00DEDUCTION: REPAIRS -$350.00REFUND AMOUNT: $2,050.00Itemized Accounting Rules• Written line-item repair invoices• Zero deduction for normal wear & tear• Copies of contractor receipts attached30DAYS POST-VACATEStrict Accounting Window• Statement & refund postmark deadline• Delivery to tenant forwarding address• Statutory penalty for bad-faith delay

Wyoming Security Deposit Laws: Maximum Cap, Return Timeline, and Itemized Deductions

Landlords in Wyoming must adhere to specific statutory requirements regarding security deposits. This guide outlines the maximum cap, return timeline, and itemized deduction rules to ensure compliance with state statutory requirements.

Permitting, Zoning, or Statutory Basis

Wyoming’s security deposit laws are grounded in the Wyoming Property Security Deposit Act (Wyo. Stat. Ann. § 35-20-101 et seq.). This act outlines the rights and responsibilities of both landlords and tenants regarding security deposits.

Lease Clauses, Notice Periods, and Timing Requirements

Under Wyoming law, landlords must include specific provisions in their lease agreements regarding security deposits. These provisions should include:

  • Maximum Deposit Amount: Landlords are limited to a maximum security deposit of three months’ rent (Wyo. Stat. Ann. § 35-20-104).
  • Return Timeline: Landlords must return the security deposit within 30 days of the tenant moving out, provided there are no deductions (Wyo. Stat. Ann. § 35-20-106).
  • Itemized Deductions: Landlords must itemize any deductions from the security deposit within 30 days of moving out, with a detailed explanation for each deduction (Wyo. Stat. Ann. § 35-20-107).

Defensible Record-Keeping & Compliance Checklist

To ensure compliance with Wyoming’s security deposit laws, landlords should maintain thorough and organized records. Here is a checklist to help you stay compliant:

  1. Lease Agreement: Ensure that the lease agreement includes all necessary provisions regarding security deposits.
  2. Security Deposit Receipt: Issue a receipt to the tenant when receiving the security deposit, clearly stating the amount and purpose.
  3. Itemized Deduction List: Keep a detailed record of any deductions made from the security deposit, including dates and explanations.
  4. Return Deadline: Ensure that the security deposit is returned within 30 days of the tenant moving out, with any deductions itemized.
  5. Documentation: Maintain all documentation related to the security deposit, including receipts, lease agreements, and deduction lists.

Additional Resources

For more information on Wyoming’s security deposit laws, consider consulting the following resources:

By following these guidelines and maintaining thorough records, landlords in Wyoming can ensure compliance with state statutory requirements regarding security deposits.

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