Are tenants in Fair Lakes required to buy renter's insurance?
The Commonwealth of Virginia does not require that renters in Fair Lakes to pay for renter’s insurance. However, leases prepared by our property managers require that tenants buy renter’s insurance 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 dwelling 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 archive for landlords in Fair Lakes
- Before you put a renter in your investment in Fair Lakes
- 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 rental investor get paid?
- How your management company handles the association and your community
- How your property management company handles utilities
- How Nesbitt Management finds renters
- Insurance matters for rental investors using our rental management
- How Nesbitt Management handles keys
- Fair Lakes rental investor responsibilities
- Maintenance, repairs & inspections for your property 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 property owners don't yet know their new address
- Vetting renters in Fair Lakes