Are renters in Old Town required to obtain renter's insurance?
The Commonwealth of Virginia does not require that renters in Old Town to obtain renter’s insurance. However, leases prepared by our property managers require that renters buy renter’s insurance to cover losses of the tenant's personal property due to theft, fire, tenant negligence, or if someone is injured at the rental property. A’s insurance policy protects the rental 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 free archive for rental investors in Old Town
- Before you put a renter in your rental property in Old Town
- Collections and evictions
- Communications with the renter
- During tenancy
- End of lease term and what happens when a renter breaks the lease
- How does the rental investor get paid?
- How your management company handles the association and your community
- How your management company handles utilities
- How we find tenants
- Insurance matters for owners using our property management
- How Nesbitt Management handles keys
- Old Town landlord responsibilities
- Maintenance, repairs & inspections for your rental investment in Old Town
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your rental investment
- When property owners don't yet know their new address
- Vetting tenants in Old Town