How to Hold and Return a Security Deposit in West Virginia

Managing a Security Deposit in West Virginia

In West Virginia, there is no legal limit to the amount you may charge as a security deposit. Most people choose to charge the equivalent of one month's rent.

Storing the Deposit

There is no state law governing how you must store a security deposit in West Virginia. It's common to keep the money in a bank account separate from your personal finances.

Returning the Deposit

You must return your subtenant's security deposit within 45 days of the end of the sublease. You can use the security deposit to cover any unpaid rent at the end of the sublease, unpaid utilities owed to you, costs associated with removing any personal belongings left in the unit, or to cover the cost of any damages to the unit that exceed normal wear and tear. You must provide your subtenant with a written, itemized list of any amount you plan to withhold from the deposit within 45 days of the end of the sublease.