Are tenants in Old Town required to obtain renter's insurance?
The Commonwealth of Virginia does not require that tenants in Old Town to buy renter’s insurance. However, our leases require that tenants buy a renter's insurance policy 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 renter’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 source for rental investors in Old Town
- Before you lease out your rental property in Old Town
- Collections and evictions
- Communications with the renter
- During tenancy
- End of tenancy and what happens when a tenant breaks the lease
- How does the landlord get paid?
- How your property manager handles the association and your community
- How your property management company handles utilities
- How Nesbitt Management finds renters
- Insurance matters for owners using our property management
- How Nesbitt Management handles keys
- Old Town owner responsibilities
- Maintenance, repairs & inspections for your rental investment in Old Town
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your rental property
- When landlords don't yet know their new address
- Vetting renters in Old Town