Are tenants in Triangle required to buy renter's insurance?
The Commonwealth of Virginia does not require that tenants in Triangle to obtain renter’s insurance. However, leases prepared by our property managers require that tenants purchase renter’s insurance to cover 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 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.
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Landlord Reference
a handy archive for property owners in Triangle
- Before you put a renter in your property in Triangle
- 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 rental manager handles the association and your community
- How your management company handles utilities
- How we find tenants
- Insurance matters for rental investors using our rental management
- How Nesbitt Management handles keys
- Triangle landlord responsibilities
- Maintenance, repairs & inspections for your rental investment in Triangle
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your rental investment
- When landlords don't yet know their new address
- Vetting tenants in Triangle