Wyoming office lease agreement template

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How Wyoming office lease agreement Differ from Other States

Wyoming office lease agreements must comply with unique state landlord-tenant statutes, including considerations on security deposits and default remedies.
Unlike many states, Wyoming limits the statutory notice period for certain lease terminations and rent increases, often making timelines shorter.
Wyoming law does not require landlords to disclose as many environmental hazards as some other states, such as mold or radon.

Frequently Asked Questions (FAQ)

Q: Is a written office lease required in Wyoming?

A: No, Wyoming law allows for both written and oral office leases, but written agreements are highly recommended for clarity.
Q: What is the typical security deposit limit for office leases in Wyoming?

A: Wyoming law does not cap security deposits for commercial leases, but terms should be negotiated and stated in the lease.
Q: How much notice is required to terminate a Wyoming office lease?

A: The required notice depends on the lease terms, but generally, at least 30 days' written notice is standard unless otherwise agreed.

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Wyoming Office Lease Agreement

This Office Lease Agreement (the "Agreement") is made and entered into as of this [Date], by and between [Landlord Name], a [Landlord Entity Type] with its principal place of business at [Landlord Address] (hereinafter referred to as "Landlord"), and [Tenant Name], a [Tenant Entity Type] with its principal place of business at [Tenant Address] (hereinafter referred to as "Tenant"). Landlord's email address is [Landlord Email] and Tenant's email address is [Tenant Email].

If Landlord has an agent representative, their name is [Agent Name] and their contact information is [Agent Contact Information].

Premises:

Option A: The Landlord hereby leases to the Tenant and the Tenant hereby leases from the Landlord that certain office space located at [Property Address], Suite/Unit [Suite/Unit Number], [County Name] County, Wyoming, legally described as [Legal Description], which premises consists of approximately [Rentable Square Footage] rentable square feet and [Usable Square Footage] usable square feet (the "Premises"). The Premises is located on the [Floor Number] floor.
Option B: The Premises shall include access to [List specific access points, e.g., lobbies, hallways, bathrooms, elevators, stairwells]. A certified measurement of square footage is attached as Exhibit A.
Option C: Zoning regulations confirm commercial office use is permitted. Relevant zoning information is attached as Exhibit B.

Use of Premises:

Option A: The Premises shall be used solely for general office purposes and for no other purpose whatsoever.
Option B: The Premises shall not be used for [List prohibited activities, e.g., retail, medical, manufacturing].
Option C: Tenant shall comply with all applicable state and local laws, ordinances, and regulations, including but not limited to obtaining all necessary licenses and permits required to operate its business in the Premises and in the State of Wyoming. Tenant is responsible for meeting Wyoming corporate registration requirements.
Option D: Tenant shall not engage in any activity that violates any applicable law, statute, ordinance, or regulation.

Compliance with Laws and Regulations:

Option A: Landlord represents and warrants that the Premises complies with all applicable Wyoming real estate regulations, building codes, fire safety standards, and ADA requirements for public office spaces, including having a valid certificate of occupancy.
Option B: Landlord will ensure annual fire safety inspections are completed and alarm systems are maintained.

Lease Term:

Option A: The term of this Lease shall commence on [Start Date] and shall expire on [End Date], unless sooner terminated as provided herein.
Option B: Tenant shall have the option to renew this Lease for [Renewal Term Length], provided that Tenant gives Landlord written notice of its intention to renew at least [Notice Period] days prior to the expiration date.
Option C: Early access to the premises for preparation is permitted starting [Early Access Date].
Option D: Wyoming statutory termination rights apply as per Wyoming law.

Rent:

Option A: The monthly base rent for the Premises shall be [Monthly Rent Amount], payable in advance on the first day of each month during the Lease Term.
Option B: Rent will increase by [Percentage Increase]% annually, starting [Date]. Alternatively, rent increases will be tied to the Wyoming Consumer Price Index (CPI).
Option C: Tenant shall pay a security deposit in the amount of [Security Deposit Amount]. The security deposit will be held in escrow as required by Wyoming law and will accrue legal interest.
Option D: Rent shall be paid by [Payment Method, e.g., ACH, Check, Wire Transfer] to [Payment Instructions].

Taxes:

Option A: Tenant shall be responsible for paying all applicable taxes related to Tenant's business operations in the Premises, including Wyoming business personal property tax.
Option B: Real property taxes will be allocated as follows: [Allocation Details, e.g., included in CAM, paid separately pro rata].

Operating Expenses:

Option A: Tenant shall be responsible for paying its pro rata share of operating expenses (CAM), which shall include [List included expenses, e.g., common area maintenance, management fees, insurance premiums, property taxes].
Option B: The following utilities are included in the base rent: [List Included Utilities, e.g., water, trash]. The following utilities are the responsibility of the tenant: [List Tenant Utilities, e.g., electric, gas, internet]. Utilities will be allocated by [Meter/Pro Rata Allocation].
Option C: Janitorial services for the common areas are the responsibility of [Landlord/Tenant].

Maintenance and Repair:

Option A: Landlord shall be responsible for maintaining the structural components of the building, including the roof, foundation, and exterior walls.
Option B: Tenant shall be responsible for maintaining the interior of the Premises, including [List Tenant Responsibilities, e.g., HVAC system, electrical, plumbing].
Option C: Landlord shall conduct building system inspections [Inspection Frequency, e.g., quarterly, annually]. Tenant may request repairs by contacting [Contact Information].
Option D: Emergency contact information for property issues is [Emergency Contact Information].

Tenant Improvements and Alterations:

Option A: Tenant shall not make any alterations or improvements to the Premises without Landlord's prior written consent.
Option B: All alterations and improvements must be performed by licensed Wyoming contractors.
Option C: Tenant shall submit construction plans to Landlord for approval.
Option D: Upon termination of this Lease, Tenant shall [Restore/Not Restore] the Premises to its original condition.

Building Rules and Regulations:

Option A: Tenant shall comply with all building rules and regulations as established by Landlord, which are attached hereto as Exhibit C.
Option B: Prohibited behavior includes: [List Prohibited Behaviors].
Option C: Smoking/vaping is [Permitted/Prohibited] in the following areas: [Designated Areas].

Insurance:

Option A: Tenant shall maintain commercial general liability insurance with minimum limits of [Insurance Amount], and property/casualty insurance. Landlord shall be named as an additional insured.
Option B: Tenant shall provide Landlord with a certificate of insurance upon signing this Lease and shall update it annually. Compliance with Wyoming insurance law is required.

Damage and Destruction:

Option A: In the event of damage to the Premises, Tenant shall notify Landlord immediately.
Option B: Landlord shall use reasonable diligence to repair the damage, subject to force majeure events.
Option C: Business continuity planning is the responsibility of [Landlord/Tenant/Both].

Default and Remedies:

Option A: If Tenant fails to pay rent or otherwise breaches this Lease, Landlord shall have the right to terminate this Lease and pursue all available remedies under Wyoming law.
Option B: Cure periods for breaches are [Cure Period] days.
Option C: Landlord’s right to re-enter or lock out the tenant is subject to [Specific Conditions Under Wyoming Law].
Option D: Tenant rights for Landlord breach are governed by Wyoming law.

Assignment and Subletting:

Option A: Tenant shall not assign this Lease or sublet the Premises without Landlord's prior written consent.
Option B: Landlord’s approval will not be unreasonably withheld.
Option C: Tenant must comply with Wyoming real estate agency laws regarding assignment/subletting.

Entry and Inspection:

Option A: Landlord shall have the right to enter the Premises upon reasonable advance notice for inspection and repairs.
Option B: Notice shall be given [Notice Period] hours in advance, except in emergencies.

Move-In/Move-Out:

Option A: Tenant shall surrender the Premises in broom-clean condition upon termination of this Lease.
Option B: Tenant shall remove all of its personal property and trade fixtures.
Option C: A move-in/move-out acceptance checklist is attached as Exhibit D. Holding over fees will be applied as per Wyoming statutory compliance.

Dispute Resolution:

Option A: Any disputes arising out of this Lease shall be resolved through negotiation and, if necessary, mediation or arbitration in Wyoming.
Option B: This Lease shall be governed by and construed in accordance with the laws of the State of Wyoming. Venue shall be in [County Name] County, Wyoming.
Option C: Attorney fees will be allocated to the prevailing party only if permitted by Wyoming law.

Environmental, Health, and Safety:

Option A: Tenant shall comply with all applicable environmental, health, and safety laws and regulations, including those related to air quality, asbestos disclosure, and hazardous materials.
Option B: Asbestos disclosure documents are attached as Exhibit E.

Compliance with Wyoming Law:

Option A: Tenant shall comply with all applicable Wyoming labor and employment laws.
Option B: Tenant is responsible for state tax withholding related to use of space or staff.

Notices:

Option A: All notices required or permitted under this Lease shall be in writing and shall be deemed to have been duly given when delivered personally or sent by certified mail, return receipt requested, to the addresses set forth above. Required response time windows: [Response Time].
Option B: Official notices must adhere to Wyoming service of process rules.

Exhibits: