Property Management
In West Virginia, a tenant's right to quiet enjoyment means:
AThe property must be soundproofed
BThe landlord may not interfere with the tenant's lawful possession and use of the property✓ Correct
CThe tenant must not make noise after 10 PM
DThe lease must be renewed without interruption
Explanation
The covenant of quiet enjoyment is an implied promise that the tenant will have undisturbed possession of the premises. The landlord may not unlawfully interfere with the tenant's right to use and enjoy the property.
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Key Terms to Know
Net Operating Income (NOI)
The annual income generated by an income-producing property after subtracting operating expenses, but before debt service.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
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