Wyoming Commercial Lease Agreement
The Wyoming commercial lease is a document used for the renting of retail, office, or industrial space between a landlord and tenant. A landlord will usually ask to see the tenant’s credentials with the use of the rental application before authorizing a commercial lease. This is mostly the case with “mom and pop” tenants and is not really used for larger companies or national brands.
- Commercial Lease Laws – Chapter 2.a Commercial Leases
If it is a new business the landlord should ask for a personal guaranty that will hold the assets of the individual liable if they should break the agreement or cause damage to the property that the entity cannot pay.
To ensure that the company is valid in Wyoming the lessor should check with the Secretary of State Corporations Division to make sure that they are up to date with their filings and legal to conduct business in the State.