A West Virginia lease agreement is a contract used by property owners and their agents to rent a residential or commercial property. The agreement states the financial terms of the tenancy including the monthly rental amount and the due date for payments.
Unless the contract is a month-to-month agreement, the lease will have a definitive end date upon which the contract will terminate; residential leases typically last one (1) year while commercial leases range anywhere from three (3) to five (5) years.
Rental Application – Used by landlords to collect the personal information of a lease applicant. The application also authorizes the landlord to run a background check on the individual to assess whether they are fit for a lease.
Commercial Lease Agreement – A contract between a landlord and a tenant who requires commercial property to operate a business.
Rent-to-Own Agreement (Lease Option) – A residential lease that provides the tenant the opportunity to purchase the property they’ve been renting.
Month-to-Month Lease Agreement – A residential tenancy agreement that lasts perpetually on a month-by-month basis. If the landlord or tenant wants to end the agreement, they must provide thirty (30) days’ notice.
Roommate Agreement – Allows multiple tenants in a shared dwelling to establish the terms and conditions of their living arrangement.
Standard (1-year) Lease Agreement – Establishes the terms of tenancy for a residential dwelling. Once signed, the agreement will be valid for a fixed-term of one (1) year.
Sublease Agreement – Enables a tenant to temporarily rent their dwelling to another party without having to break their lease. The initial tenant will be held accountable if the subtenant fails to pay rent or damages the property during the contract term.
Used by the landlord to declare the use of toxic lead-based paint within the dwelling (required if the dwelling construction predates 1978).
The tenant and landlord must agree, in writing, upon any non-refundable application or pet fees.
General Access – No statute.
Emergency Access – No statute.
Grace Period – No statute.
Maximum Fees ($) – No statute.
Rent Increase Notice – No statute.
Maximum Amount ($) – No statute.
Returning to Tenant (§ 37-6A-2(a) & § 37-6A-1(7)) – Security deposits must be returned within sixty (60) days of the expiration of the tenancy or within forty-five (45) days of the commencement of a subsequent tenancy, whichever is shorter.
Interest Required? – No statute.
Separate Bank Account? – No statute.