Wyoming Security Deposit Collections and Holdings

Last Updated: November 26, 2024 by Roberto Valenzuela

To learn about laws on security deposit returns in Wyoming, click here.

Maximum Security Deposit Allowed in Wyoming

There is no limit on how much a landlord can collect for a security deposit in Wyoming. While other states impose a maximum security deposit limit, such as one month’s rent, Wyoming does not.

Can Landlords Charge an Additional Pet Deposit in Wyoming?

In Wyoming, landlords can charge a pet deposit, except for service dogs and emotional support animals.

How Much Rent Can a Landlord Collect Upfront in Wyoming?

There is no limit on the amount of rent that can be collected upfront in Wyoming. Many states have a limit on the amount of rent that can be collected at once, but Wyoming does not.

Security Deposit Collections in Wyoming

When collecting a security deposit, landlords in Wyoming must provide the tenant with a written lease agreement that states whether any portion of the deposit is non-refundable. [1]

Do Landlords Have To Provide a Receipt for the Security Deposit in Wyoming?

Although some states like Washington require a receipt, landlords are not required to provide a receipt for the security deposit in Wyoming.

What Obligations Do Landlords Have To Establish the Condition at Move-in in Wyoming?

Wyoming law does not have specific obligations before a tenancy. While other states like Washington have pre-tenancy obligations like a written inventory of damages, Wyoming does not.

Landlords are always required to ensure their property is habitable and compliant with state and local housing codes.

Security Deposit Holdings in Wyoming

Wyoming law does not require landlords to hold security deposits separate from other funds. Some other states mandate how and where security deposits are held, but Wyoming does not.

Are Tenants Entitled to Interest on Their Security Deposit in Wyoming?

Wyoming law does not require landlords to provide interest on held security deposits.

How Are Security Deposits Accounted for in Wyoming?

Security deposits are not considered taxable income when they are collected.

What Happens to a Security Deposit When the Property is Sold in Wyoming?

When a property is sold in Wyoming, the seller must transfer the security deposit to the new owner, who must handle it according to the same rules. [2]