In Wyoming, no legal limit applies.
Security deposit rules in {{ state }}
Limit: In Wyoming, there is no statutory limit on how much a landlord may charge for a tenant security deposit. Most landlords typically collect an amount equal to one month’s rent, though higher deposits may be required depending on the tenant’s credit, rental history, or the presence of pets. The total tenant deposit must be clearly stated in the lease agreement. It is considered best practice for landlords to manage funds through a dedicated security deposit bank account in Wyoming to maintain compliance and financial transparency.
Return Deadline: The landlord must return the tenant security deposit, along with an itemized written list of deductions, within 30 days after the tenant vacates the rental property and provides a forwarding address. If the tenant caused damage to the property, the landlord may take up to 60 days to return the remaining balance. Failure to comply with these deadlines may make the landlord liable for damages equal to the amount wrongfully withheld.
Acceptable Deductions: The tenant security deposit may be used to cover unpaid rent, late fees, damages beyond normal wear and tear, cleaning costs, and other legitimate expenses needed to restore the property to its pre-rental condition. Landlords must provide written documentation, including receipts or repair estimates, to justify any deductions made from the tenant deposit.
Where to Deposit: Wyoming law does not require landlords to place tenant deposits in a separate or interest-bearing account. However, landlords must maintain accurate records and provide transparency regarding deposit handling. Although there is no required security deposit interest rate, using a security deposit escrow account in Wyoming or a landlord tenant security deposit bank account in Wyoming helps ensure proper record-keeping, prevents commingling of funds, and demonstrates compliance with responsible property management standards.
