Are tenants in Oakton required to obtain renter's insurance?
The Commonwealth of Virginia does not require that tenants in Oakton to buy renter’s insurance. However, our leases require that renters buy 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.
Landlord Reference
a handy reference for rental investors in Oakton
- Before you lease out your property in Oakton
- Collections and evictions
- Communications with the renter
- During the lease term
- End of tenancy 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 management company handles utilities
- How we find tenants
- Insurance matters for property owners using our property management
- How Nesbitt Management handles keys
- Oakton owner responsibilities
- Maintenance, repairs & inspections for your rental investment in Oakton
- 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 Oakton