Landlord Tenant Closing Statement to Reconcile Security Deposit - West Virginia 2026

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  1. Click ‘Get Form’ to open the Landlord Tenant Closing Statement in the editor.
  2. Begin by entering the Landlord's name and the leased premises address at the top of the form. This establishes who is involved in the agreement.
  3. Fill in the tenant information, including names, forwarding address, and new phone number. This ensures that all parties can be contacted regarding the security deposit.
  4. Input the security deposit amount paid, along with any other deposits or rent credits. This section summarizes what has been collected from the tenant.
  5. Detail any charges against the deposit, such as cleaning charges or damage repairs. Be specific about each charge to maintain transparency.
  6. Calculate total charges and determine amounts due to both tenant and landlord. Clearly indicate these amounts for clarity.
  7. Finally, ensure that either you or a representative signs and dates the document before delivering it to the tenant. This finalizes your agreement.

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In West Virginia, landlords are permitted to collect a security deposit equivalent to a maximum of two months rent when signing the lease agreement. They cannot require tenants to pay more than this allowed amount. The specific statutes governing security deposits in West Virginia are contained in WV Code 37-6A-2.
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.
At the end of your tenancy Your landlord must return your deposit within 10 days of you both agreeing how much youll get back. If youre in a dispute with your landlord, then your deposit will be protected in the TDP scheme until the issue is sorted out.
Tell the scheme if the landlord or agent do not reply or refund your deposit within 10 days of you writing to ask for it back. The scheme will contact your landlord. They will tell them to pay the money into an account until the dispute is resolved and offer dispute resolution to you both.
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People also ask

In the USA, landlords generally cannot deduct for normal wear and tear from your security deposit. Normal wear and tear refers to the natural deterioration of a property that occurs over time due to regular use, such as minor scuffs on walls or worn carpet.
What to Include in a Security Deposit Demand Letter the address of your rental and the dates you rented from. how much you paid for a security deposit. why you are entitled to a return of a portion or all of the deposit. the state laws that require a return of the deposit in a timely manner.
Security deposits should be listed on a closing statement as a credit to the Buyer. This represents the buyer receiving the funds back as they fulfill their contractual obligations.

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