Property Management
A Wyoming landlord who wants to terminate a fixed-term lease before expiration may do so without tenant consent:
AWith 30 days' notice for any reason
BOnly if the tenant has materially breached the lease✓ Correct
CAt any time for any reason by paying 2 months' rent
DOnly with court approval in all cases
Explanation
A fixed-term lease is a binding contract. The landlord generally cannot terminate a fixed-term lease without cause during its term unless the tenant has materially breached the lease (e.
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Key Terms to Know
Purchase Agreement
A legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
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