Required Notice of Nonrefundable Deposit: A lease agreement must state whether any portion of a security deposit is nonrefundable. Furthermore, the landlord must also provide written notice of this fact to the tenant at the time the security deposit is collected by the landlord or the landlord’s designated agent. Wyo. Stat. § 1-21-1207.
Deductions from Security Deposit: Upon the termination of the lease agreement, any security deposit being held by the landlord may be applied by the landlord to (1) the payment of overdue rent (2) damages to the rental property by the tenant that are beyond reasonable wear and tear (3) any costs incurred to clean the rental property (4) and for any other costs provided for in the lease agreement. Wyo. Stat. § 1-21-1208.
Return of Security Deposit: A landlord is required to return the remaining balance (without interest) of the security deposit within 30 days of the termination of the lease or eviction, or within 15 days of the tenant notifying the landlord of the tenant’s new address, whichever is longer. Wyo. Stat. § 1-21-1208.