W. Va. Code R. § 148-19-4

Current through Register Vol. XLI, No. 50, December 13, 2024

Section 148-19-4 - Fair Rental Value

4.1. Before executing any lease, the Executive Director shall determine the fair rental value for the rental of the requested space by the manner which he or she determines to be most efficient and effective for the spending unit's request. To determine the fair rental value of the space requested, the Executive Director may cause an appraisal to be conducted by a licensed real estate appraiser and may require the spending unit to pay for the cost of the appraisal.

4.2. The Executive Director may not enter into any lease if the rental exceeds the fair rental value of the space requested.