West Virginia Notice of Exercise of Option to Renew Lease by Lessee
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How to fill out Notice Of Exercise Of Option To Renew Lease By Lessee?
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FAQ
Security Deposit West Virginia does not limit the amount a landlord may charge for the security deposit. However, landlords must return the deposit within 60 days of the tenant moving out. Raising Rent Landlords in West Virginia may increase the rent to any amount for any reason with no notice.
If the tenant does not accept the renewal offer within the prescribed time, the landlord may refuse to renew the lease and seek to evict the tenant through court proceedings. If the tenant accepts the renewal offer, the landlord has 30 days to return the fully executed lease to the tenant.
This provision is known as an option or options to renew. The lease will provide that if the tenant is up to date with rent payments and compliant with all the other terms of the lease then the tenant may take up the option to renew by providing a Notice of Exercise of Option to Renew to the landlord.
Because there is currently no state-level moratorium on evictions in West Virginia, the protections will not kick in unless the form is filled out and submitted to the landlord. If you can, take a picture or keep a copy of the form for your own records.
Under West Virginia law, landlords are required to maintain rental housing in a fit and habitable condition from the time of move in until the time of move out. This means a landlord must make sure that rental housing measures up to all health, safety, fire, and housing code standards at all time.
A commercial lease agreement with an option to purchase, also known as a lease option, is a form of commercial real estate contract in which the tenant and the property owner agree that there is an option for the tenant to buy said property at the end of a stipulated rental period.
Month-to-Month If rent is paid on a month-to-month basis, a landlord must provide the tenant with a 30-Day Notice to Quit. Year-to-Year If the tenancy is from year-to-year, a landlord must provide the tenant with a 90-Day Notice to Quit.
Emergency Entry Allowed without Notice: No statute given. Many lease agreements address this issue without the need for state or county statutes.
An option to renew or extend the lease means that upon the tenant's exercise of the option (choice), the provisions of the agreed-upon option are adopted for another defined term. The terms of the option can include the length of the new term, a change in rent, and other modifications.
Landlords cannot enter tenanted properties without giving proper notice. Landlords cannot arbitrarily end someone's tenancy before the lease expires. Arbitrary, mid-lease rent increases are not permitted unless specified in certain circumstances in the lease or by the municipality.
