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