West Virginia Clause Providing for the Periodic Increase in the Tenant Security to Reflect Increases in Base Rent

State:
Multi-State
Control #:
US-OL4A012A
Format:
Word; 
PDF
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Description

This office lease clause states that the amount of the security deposit shall be increased to reflect the increase in Base Rent. The Owner shall at all times have and maintain two full months' Base Rent as security.

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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.

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.

Late Fees. The operator may charge a late fee not to exceed $20 or 20 percent of the monthly rental fee, whichever is greater, for each month the occupant defaults for a period of five days or more.

Security Deposit Refund in Virginia After the end of the lease, landlords have 45 days to return all or part of the tenant's deposit. If there are any deductions, the landlord must provide a written itemized list of the deductions alongside the returned deposit.

Security Deposits A state law passed in 2011 now requires landlords to return damage deposits in full or send a written notice itemizing any alleged damages within sixty (60) days after the tenant moves out.

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

The landlord or the tenant may terminate a week-to-week tenancy by serving a written notice on the other at least seven days prior to the next rent due date.

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West Virginia Clause Providing for the Periodic Increase in the Tenant Security to Reflect Increases in Base Rent