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