Landlord / Tenant refers to the relationship between (1) the owner or lessor (landlord) of residential or commercial real property known as the leased premises and (2) the occupant or lessee (the tenant) of the leased premises—often a home or office building or space. This relationship is defined by the (usually written) lease agreement signed by the landlord and tenant, and the laws governing the landlord / tenant relationship—which are usually located in a state’s statutes.
A residential or commercial lease of real property (real estate) allows the tenant or lessee to use the property and the improvements on the property—generally a building structure such as a home, office, store, or warehouse, for example—for a stated purpose (such as for a residential dwelling or the operation of a hair salon) and for a fixed period of time (the term of the lease), in exchange for the payment of rent.
Personal property—including automobiles, computers, heavy equipment, machines, home appliances, and other tangible, movable goods—may also be leased, but the parties to a lease of personal property (as opposed to real property) are not referred to as landlord and tenant, but as lessor and lessee.
In Wyoming, the landlord-tenant relationship is governed by state statutes that outline the rights and responsibilities of both parties. These laws cover various aspects of the relationship, including but not limited to, the terms of the lease agreement, security deposits, the procedure for raising rent, maintenance of the property, and the eviction process. The lease agreement, which is typically in written form, sets forth the specific conditions under which the tenant can use the property, the duration of the lease term, and the amount of rent to be paid. Wyoming statutes also dictate how and when a landlord can enter a tenant's premises, the protocol for handling abandoned property, and the legal remedies available to both landlords and tenants in case of a dispute. It is important for both landlords and tenants to understand their legal rights and obligations under Wyoming law to ensure a fair and compliant landlord-tenant relationship. For commercial leases, the same general principles apply, but the specific terms and conditions may vary more widely as they are often tailored to the needs of the business and the commercial property involved.