Are renters in Baileys Crossroads required to purchase renter's insurance?
The Commonwealth of Virginia does not require that tenants in Baileys Crossroads to purchase renter’s insurance. However, our leases require that renters 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 free reference for property owners in Baileys Crossroads
- Before you lease out your rental in Baileys Crossroads
- Collections and evictions
- Communications with the tenant
- During the lease term
- End of lease term and what happens when a renter breaks the lease
- How does the owner get paid?
- How your property manager handles the association and your community
- How your rental manager handles utilities
- How Nesbitt Management finds tenants
- Insurance matters for property owners using our property management
- How Nesbitt Management handles keys
- Baileys Crossroads landlord responsibilities
- Maintenance, repairs & inspections for your rental investment in Baileys Crossroads
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your rental
- When owners don't yet know their new address
- Vetting tenants in Baileys Crossroads