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Charleston

West Virginia

Short Term Rental FAQs for Charleston, West Virginia.

How restricted are short term rentals in Charleston?

Light Restrictions

Does Charleston,West Virginia have any regulations for short term rentals?

Certificate of Occupancy, business license, 6% hotel tax

Does Airbnb automatically remit taxes for short term rentals in Charleston?

Currently, Airbnb is collecting and remitting taxes on behalf of the host.

What are the city taxes for Charleston

West Virginia State FAQs

Is West Virginia a judicial or non-judicial state?

Non-Judicial

In a non-judicial foreclosure state, the lender does not need to go through the court system in order to foreclose on a property. This process can be quicker and less expensive for the lender compared to a judicial foreclosure.

As a real estate investor, it is important to understand the differences between judicial and non-judicial states because it can affect the amount of time and money it takes to foreclose on a property. It can also impact the availability of properties that are being foreclosed on and the process of purchasing those properties.

What is the process of closing on a property in West Virginia?

Attorneys conduct escrow closings, although lenders and real estate agents do them occasionally. Conveyance is by warranty deed, bargain-and-sale deed, or grant deed. Deeds of trust are the customary security instruments. Foreclosures are great for lenders; when uncontested, they take only a month. West Virginians use ALTA policies and endorsements. Buyers pay the title insurance premiums and sellers pay the documentary taxes; they divide the other closing costs. Property taxes may be paid in a lump sum after July 6th or in two installments on September 1st and March 1st.

Property Taxes in West Virginia?

Total due after July 6th or in two installments on September 1st and March 1st

In West Virginia, does a property management company require a real estate broker's license?

YES. Key components of property management (leasing, managing and renting) are considered real estate activities under existing West Virginia real estate licensing laws. If a property manager is going to lease, rent, manage, or list real estate, or negotiate or attempt to negotiate to perform any of those acts, or if he or she holds herself out as engaging in any of those activities, he or she will need a broker's license. A salesperson working under a broker may engage in such activities.

Are there any exceptions to the requirement that a property manager have a broker's license in West Virginia?

YES. For example, any person employed exclusively to act as the management or rental agent for the real estate of one person, partnership or corporation is exempt. In addition, regular employees of an owner of real estate, who engage in leasing, managing and renting are also exempt if those acts are incidental to the management of the real estate and the employees do not receive additional compensation for the act. For more information about these and other West Virginia property management requirements and exceptions, please contact the West Virginia Real Estate Commission. Before hiring a property manager to manage your West Virginia rental property, you should always check that he or she is licensed appropriately. You can check the license status of West Virginia property managers using the Arello Real Estate License Verification Tool.

Do you need a broker's license to manage community associations in West Virginia?

There is no requirement that a community association manager or condo association manager in West Virginia hold a real estate broker's license.

Real Estate Broker Requirements

West Virginia real estate broker licensing requirements include: - Age: must be at least 18 years old - High School: must be a high school graduate or equivalent - Education: must submit proof of completion of 90 clock hours in commission approved real estate courses - Exam: must pass the salesperson exam

Real Estate Salesperson Requirements

How do property ownership transfers work in ?

Warranty deed, bargain-and-sale deed, or grant deed

Sustainability Resources

The Real Estate industry is one of the most environmentally damaging industries in the world accounting for:
30%
of total carbon dioxide
40%
of all energy
40%
of all raw materials
Our goal is to give you the resources you need to take sustainable action in improving, building, retrofitting and revamping your home. The impacts are real, the benefits significant, and the need critical. Join us in bringing sustainability home and creating a brighter future for all, starting with you.

Save money and do the world a favor!
Here's a list of Sustainability Initiatives in the area:

37 DIY Rainwater Harvesting Systems

DYI Rainwater Harvesting System set up ideas and instructions.

Easy Composting Unit/Worm Farm

This product is a worm farm/compost bin that is easily implementable in an urban or suburban environment. The product is affordable, self-containing, improves soil health and waste management!

National Farmers Market Directory

This is a National Farmers Market Search Tool. Use this link to find farmers markets near you or find one while traveling!