Are renters in Broadway required to purchase renter's insurance?
The Commonwealth of Virginia does not require that renters in Broadway to buy a renter's insurance policy. However, leases prepared by our property managers require that tenants pay for renter’s insurance which pays for losses of the tenant's personal property due to theft, fire, renter negligence, or if someone is injured at the 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 useful reference for property owners in Broadway
- Before you rent out your investment in Broadway
- Collections and evictions
- Communications with the renter
- During tenancy
- End of lease term and what happens when a renter breaks the lease
- How does the property owner get paid?
- How your property management company handles the association and your community
- How your rental manager handles utilities
- How Nesbitt Management finds renters
- Insurance matters for property owners using our rental management
- How Nesbitt Management handles keys
- Broadway property owner responsibilities
- Maintenance, repairs & inspections for your property in Broadway
- 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 Broadway