Create Legal West Virginia Residential Leases Forms For Free

Landlords are required to have a West Virginia Business Registration Certificate with the state tax department upon filing for their business license. The fee for a rental business license is $15.00.

A Virginia rent-to-own agreement is a unique lease that permits a tenant to purchase rental property after satisfying certain conditions. Before the lease commences, the tenant pays the landlord a fee to exercise the option to purchase the property.

A West Virginia rent-to-own agreement is a lease that contains an option to purchase, enabling the tenant to buy the property before the agreement expires. The tenant's buying rights are acquired through the payment of an upfront, non-refundable option fee.

A West Virginia month-to-month rental agreement is a short-term lease that ends when written notice is provided by either the landlord or tenant. The minimum required notice period is thirty (30) days. If not notice is made the lease will continue for an indefinite period.

Grace Period: There is no mandatory grace period in West Virginia. NSF/Bounced Check Fee Maximum: If the tenant's rent check bounces, the landlord may charge a fee of $25 (WV Code § 61-3-39e). Withholding Rent/Repair and Deduct: Tenants in West Virginia may not withhold rent.

A major disadvantage of renting to own is that renters lose their down payment and other non-refundable charges if they decide not to purchase the home. Some sellers may even take advantage of renters by making it difficult or unappealing to purchase the home ? with the goal of keeping the down payment.