Wyoming Security Deposit Laws: Limits, Return Deadlines, and Deductions

Wyoming's security deposit laws provide broad flexibility for landlords. With no state limits on deposit amounts and no requirements to pay interest, landlords have considerable freedom, provided they adhere to the statutory timelines for returning the funds.

No Statutory Limit

Wyoming state law does not impose a maximum limit on the amount a landlord can charge for a security deposit.

• Landlords can charge one month, two months, or more, depending on the applicant's creditworthiness and the perceived risk of the tenancy.
• Landlords may also charge additional, separate deposits (such as pet deposits or utility deposits) as long as they are outlined in the lease.

The timeline for returning a security deposit in Wyoming is strictly governed by statute to protect both parties.

Under W.S. § 1-21-1208, a landlord must return the balance of the security deposit along with a written, itemized list of any deductions within:

1. 30 days after termination of the rental agreement or eviction; OR
2. 15 days after receiving the tenant's new mailing address...

...whichever is later.

Statutory Timelines

Landlords should note that the 30-day window is the standard default, but the 15-day "mailing address" rule can provide a brief extension if the tenant's forwarding information is provided late. However, there is no statutory provision allowing for an additional 30-day extension specifically for processing damages; all itemization and returns must be completed within the primary 30/15 day window.

Allowable Deductions

A landlord may deduct from the security deposit for:

• Unpaid rent or late fees.
• Damages to the property that exceed "normal wear and tear."
• Cleaning costs required to restore the unit to the condition it was in at the start of the tenancy.
• Other costs or fees explicitly agreed upon in the lease agreement.

Normal Wear and Tear vs. Damage

• Normal Wear and Tear: Faded paint, gently worn carpets, loose door handles. Landlords cannot deduct for these.
• Damage: Broken windows, large stains or burns in the carpet, unauthorized paint colors, excessively dirty appliances. Landlords can deduct for these.

Non-Refundable Fees

Wyoming law uniquely allows landlords to charge non-refundable fees (e.g., non-refundable pet fees, cleaning fees, or move-in fees). However, there is a strict disclosure requirement: The landlord must state in writing that the fee is non-refundable before collecting the money. If this is not disclosed in the lease or a separate written notice, the tenant may be entitled to a refund.

Interest and Holding Requirements

Wyoming does not require residential landlords to hold security deposits in a separate, interest-bearing bank account, nor do landlords have to pay tenants any interest accrued on the deposit.

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