Overview
Wyoming security deposit laws are governed by Wyoming Statutes § 1-21-1207 to 1-21-1208. Wyoming has no statutory cap on deposit amounts, allows flexible return timelines (30 days or as specified in the lease), and has relatively minimal state-level regulations. Using security deposit management software helps landlords stay organized even with flexible deadlines.
Maximum Security Deposit
Wyoming does not set a maximum limit on security deposit amounts. The deposit amount is determined by agreement between the landlord and tenant.
- No statutory cap on deposits
- Market practice typically ranges from 1-2 months' rent
- The deposit amount should be clearly stated in the rental agreement
Pet Deposits
Wyoming allows landlords to charge additional pet deposits without restriction. Service animals and emotional support animals cannot be charged pet deposits under federal fair housing laws.
Return Timeline
Under Wyo. Stat. § 1-21-1208, landlords must return the security deposit within:
- 30 days after the tenant vacates, OR
- Within 15 days after receiving the tenant's new mailing address (if provided after move-out), whichever is later
- The lease may specify a different timeline, up to 60 days
The landlord must provide a written itemized statement of any deductions along with the remaining balance.
Interest Requirements
Wyoming does not require landlords to pay interest on security deposits. Any interest earned on the deposit belongs to the landlord.
Storage Requirements
Wyoming law does not mandate that security deposits be held in a separate account or in any specific type of financial institution. Landlords have flexibility in how they manage security deposit funds. (Montana has similar provisions—see Montana security deposit laws.)
Allowable Deductions
Landlords may deduct from the security deposit for:
- Unpaid rent
- Damages beyond normal wear and tear
- Cleaning costs to restore the unit to its original condition
- Other amounts owed under the rental agreement
Important: Normal wear and tear cannot be charged to the tenant. This includes gradual deterioration from ordinary use such as minor scuffs, faded paint, and worn carpet paths.
Penalties for Non-Compliance
Wyoming provides penalties for landlords who wrongfully withhold security deposits:
- If the landlord fails to return the deposit or provide an itemized statement within the required timeframe, the tenant may sue to recover the deposit
- The tenant may recover actual damages
- The court may award reasonable attorney's fees to the prevailing party
- Willful non-compliance may result in additional penalties at the court's discretion
Common Compliance Questions
What counts as "normal wear and tear"?
Normal wear and tear includes minor scuffs on walls, slightly worn carpet in high-traffic areas, small nail holes from hanging pictures, and faded paint from sunlight. It does not include large holes in walls, stained or burned carpet, broken fixtures, or damage from pets. When in doubt, document the condition at move-in with dated photos.
How should I document the unit's condition?
Complete a detailed move-in checklist with the tenant, noting existing damage, appliance conditions, and overall cleanliness. Take timestamped photos or video of every room. At move-out, repeat the process. This documentation protects both parties and makes deduction decisions defensible if disputed. See how Passive works to streamline your documentation process.
Can I deduct for unpaid utility bills?
Only if your lease specifically allows it and the utilities are in your name. If utilities are in the tenant's name, contact the utility company directly—they have their own collection processes. Never make unauthorized deductions, even for amounts you believe the tenant owes.