Cody Lease Agreement (2025)
Cody, Wyoming, known for its rich history and proximity to Yellowstone National Park, is an appealing locale for both landlords and tenants. The Cody rental market in 2025 has seen a steady demand, with average rent prices varying across neighborhoods. In the downtown area, rents average around $1,200 for a two-bedroom apartment, while the outskirts, such as Belfry and Powell, offer more affordable options averaging $900. Proper lease agreements are crucial in this dynamic market, ensuring both parties are protected under Wyoming's legal framework. These contracts not only define the terms of tenancy but also safeguard against potential disputes, making them indispensable for a smooth rental experience.
Cody Rental Market Insights
- Use an automated AI form assistance to draft leases, ensuring compliance with Wyoming laws.
- Conduct thorough tenant screenings to minimize risks of non-payment or property damage.
- Regularly inspect properties to maintain compliance with state habitability standards.
- Clearly outline pet policies, including any additional deposits or fees, in the lease.
Cody Rental Market Overview
Cody's rental landscape is marked by a balanced vacancy rate of around 5%, indicating a healthy demand for residential properties. Popular neighborhoods such as Downtown Cody and East Cody attract tenants looking for vibrant community life and proximity to amenities. The rental demand is fueled by a mix of transient workers and long-term residents, making it a competitive market for landlords. The landlord-tenant dynamics are shaped by Wyoming's landlord-friendly laws, yet they also emphasize tenant protections, ensuring fair treatment and maintenance standards are upheld.
Landlord Obligations in Wyoming
- Security deposit return within 21 days with itemized deductions, as mandated by Wyoming Statute § 1-21-1208.
- Provision of habitable living conditions in accordance with the Wyoming housing code.
- Compliance with state and local building and health codes.
- Timely repairs and maintenance to ensure the property's livability.
- Providing notice before entry, typically 24 hours, unless in emergencies.
Tenant Rights in Wyoming
- Right to habitable premises under Wyoming housing code.
- Protection against unlawful eviction, requiring a court order for removal.
- Return of security deposit within 21 days, with the right to challenge any unjust deductions.
- Right to receive proper notice of any rent increases or changes to lease terms.
- Access to records of maintenance and repairs performed during tenancy.
Cody-Specific Requirements
Cody does not have specific rental registration or inspection requirements beyond Wyoming's standard regulations. However, landlords should be aware of local zoning ordinances which might affect property use. Currently, there are no rent control measures in place, but adherence to state laws regarding rent increases and tenant notices is strictly enforced.
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Wyoming Lease Requirements
State: Wyoming
City: Cody
Document Type: Residential Lease
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