West Virginia Notice of Intention to Exercise Option

State:
Multi-State
Control #:
US-OL24016
Format:
Word; 
PDF
Instant download

Description

This office lease form states that the tenant shall exercise its option to renew this lease upon written notice given to the landlord no less than eighteen (18) months before the end of the lease term.

How to fill out Notice Of Intention To Exercise Option?

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FAQ

How Much Can a Landlord Raise Rent By in West Virginia? In West Virginia, landlords can raise the rent by any amount and for any reason as long as they give notice, don't do so during the fixed term of a lease, and aren't doing so for certain discriminatory reasons.

§37-6-30. Landlord to deliver premises; duty to maintain premises in fit and habitable condition.

West Virginia Renters' Rights and Landlord Responsibilities Raising Rent ? Landlords in West Virginia may increase the rent to any amount for any reason with no notice. Notice of Entry ? West Virginia does not require notice from the landlord before entering.

A landlord may not evict a tenant in retaliation for complaints of unfit housing conditions. Tenants should report any unfit housing conditions to the landlord, or to local government agencies such as the building code inspector, fire marshal, or health department.

There is no rent control in Virginia. Therefore, there is no limit on rent increases a landlord can impose, but they must give a 30-day written notice of the increase. If a tenant objects to the new rent amount, they have the right to vacate the unit within that 30-day period.

State law prohibits landlords from entering rental housing without either the consent of the tenant or providing reasonable notice in advance, unless circumstances require the landlord to perform emergency repairs.

A West Virginia Lease Termination Letter Form (30-Day Notice) is a legal document that is used by either the tenant or the landlord for the purpose of serving at least thirty (30) days notice of the end of a tenancy. This document will maintain compliance to state law and most rental agreements, for either party.

Limits on Rent Increases Landlords cannot raise rent more than 10% total or 5% plus the percentage change in the cost of living ? whichever is lower ? over a 12-month period.

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West Virginia Notice of Intention to Exercise Option