Property Management
A WV property manager who receives a security deposit from a tenant in a newly constructed building that opened in Morgantown must:
AHold the deposit until the tenant moves out without keeping any records
BDocument the deposit, hold it in the required trust account, and provide the tenant with a written receipt per WV law✓ Correct
CApply the deposit to the first month's rent immediately
DInvest the deposit and return it with interest at the end of the tenancy
Explanation
Upon receiving a security deposit, the property manager must document the amount, hold it in a compliant trust account, and provide the tenant with documentation. Proper recordkeeping and handling of security deposits is required by WV law.
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