Are renters in Baileys Crossroads required to purchase renter's insurance?
The Commonwealth of Virginia does not require that tenants in Baileys Crossroads to buy a renter's insurance policy. However, our leases require that tenants obtain renter’s insurance to cover losses of the tenant's personal property due to theft, fire, tenant negligence, or if someone is injured at the rental property. A’s insurance policy protects the 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 useful archive for rental investors in Baileys Crossroads
- Before you rent out your property in Baileys Crossroads
- Collections and evictions
- Communications with the tenant
- During the lease term
- End of tenancy and what happens when a renter breaks the lease
- How does the owner get paid?
- How your property management company handles the association and your community
- How your property manager handles utilities
- How Nesbitt Management finds tenants
- Insurance matters for landlords using our property management
- How Nesbitt Management handles keys
- Baileys Crossroads rental investor responsibilities
- Maintenance, repairs & inspections for your property in Baileys Crossroads
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your rental property
- When property owners don't yet know their new address
- Vetting tenants in Baileys Crossroads