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