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