Welcome to the Forum, @Jimnycrkt! 
I believe it is as long as you don’t have complete control over physical access to the devices. In other words, if you can’t prevent someone from physically manipulating the Cam, then anyone who can gain access can essentially “own” that device. Some users of Wyze (and other) cameras mount the devices high to make them more difficult to access (and sometimes to improve the view), but that poses its own challenges if there’s a problem and troubleshooting becomes necessary. There’s always a trade-off, and you have to decide what’s going to work best for you in your situation. In your case, you may wish to review and/or amend the terms of your agreement with your tenant and have a discussion with the tenant about that. (I am not an attorney, but I would expect your current terms to provide language about when and how those terms can be modified. What’s allowed may vary based on the jurisdiction.)
For whatever it’s worth, there was an issue raised here a couple of years ago that revealed an original Cam owner subscribing to a Wyze plan would lose access to stored cloud events if a Cam was stolen and added to another Wyze user’s account. That was supposed to be remediated as described in a subsequent Fix-It Friday post, but I have never seen confirmation that this was completed. I mention that only because you may (should) be able to access event videos going back 14 days for the Cam if you’re a subscriber, even if the Cam has been moved to another Wyze account. I didn’t see subscriber status mentioned in your original post.