Are renters in Old Town required to purchase renter's insurance?
The Commonwealth of Virginia does not require that tenants in Old Town to buy a renter's insurance policy. However, leases prepared by our property managers require that renters purchase renter’s insurance to cover losses of the tenant's personal property due to theft, fire, renter negligence, or if someone is injured at the property. A’s insurance policy protects the property from loss, but not the tenant’s personal property if it is damaged, destroyed or stolen. Please contact your insurance agent to let them know that you are putting your property into service.
Landlord Reference
a handy source for landlords in Old Town
- Before you lease out your property in Old Town
- Collections and evictions
- Communications with the renter
- During tenancy
- End of lease term and what happens when a tenant breaks the lease
- How does the landlord get paid?
- How your property manager handles the association and your community
- How your property management company handles utilities
- How Nesbitt Management finds tenants
- Insurance matters for landlords using our rental management
- How Nesbitt Management handles keys
- Old Town owner responsibilities
- Maintenance, repairs & inspections for your property in Old Town
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your rental
- When landlords don't yet know their new address
- Vetting renters in Old Town