Are tenants in Penn Laird required to buy renter's insurance?
The Commonwealth of Virginia does not require that renters in Penn Laird to purchase renter’s insurance. However, leases prepared by our property managers require that tenants buy 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 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 source for property owners in Penn Laird
- Before you move a tenant into your rental 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 owner get paid?
- How your rental manager handles the association and your community
- How your management company handles utilities
- How Nesbitt Management finds renters
- Insurance matters for landlords using our property management
- How Nesbitt Management handles keys
- Penn Laird rental investor responsibilities
- Maintenance, repairs & inspections for your rental property in Penn Laird
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your rental
- When landlords don't yet know their new address
- Vetting tenants in Penn Laird