Are tenants in Penn Laird required to buy renter's insurance?
The Commonwealth of Virginia does not require that renters in Penn Laird to obtain renter’s insurance. However, our leases require that renters buy 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 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 handy reference for property owners in Penn Laird
- Before you move a tenant into your rental property in Penn Laird
- Collections and evictions
- Communications with the tenant
- During the lease term
- End of tenancy and what happens when a tenant breaks the lease
- How does the landlord get paid?
- How your property management company handles the association and your community
- How your property management company handles utilities
- How Nesbitt Management finds tenants
- Insurance matters for landlords using our rental management
- How Nesbitt Management handles keys
- Penn Laird property owner responsibilities
- Maintenance, repairs & inspections for your rental investment in Penn Laird
- 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 Penn Laird