West Virginia Provision Allocation Risks and Setting Forth Insurance Obligations of Both the Landlord and the Tenant

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Multi-State
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US-OL25023
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Description

This office lease provision states that the parties desire to allocate certain risks of personal injury, bodily injury or property damage, and risks of loss of real or personal property by reason of fire, explosion or other casualty, and to provide for the responsibility for insuring those risks permitted by law.

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FAQ

The Virginia Residential Landlord and Tenant Act (VRLTA), Sections 55.1-1200 through 55.1-1262 of the Code of Virginia, establishes the rights and obligations of residential landlords and tenants in the Commonwealth, but only the courts can enforce those rights and obligations.

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.

The rule of subrogation known as the ?Sutton Rule? states that a tenant and landlord are automatically considered ?co-insureds? under a fire insurance policy as a matter of law and, therefore, the insurer of the landlord who pays for the fire damage caused by the negligence of a tenant may not sue the tenant in ...

State and local laws can vary, but as a landlord, you will generally be responsible for providing your tenants with a ?habitable? dwelling, meaning that basic requirements for human occupancy such as having electricity, running water, a pest-free environment, and secure windows and doors must be met.

Make all repairs needed to keep the place fit and habitable. Keep in good and safe working order all electrical, plumbing, sanitary, heating, ventilating, air conditioning and other facilities and appliances that the landlord supplies, or must supply.

2. Timeline Lease Agreement / Type of Tenancy / Rent PaymentTermination Notice to ReceiveWeek-to-week7-Day Notice to QuitMonth-to-month30-Day Notice to QuitYear-to-year90-Day Notice to Quit

With home values less than the national average and a booming economy, West Virginia is a great option for property investors. The state also boasts a competitive cost of living and endless outdoor recreation for anyone looking to relocate to this state.

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

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West Virginia Provision Allocation Risks and Setting Forth Insurance Obligations of Both the Landlord and the Tenant