Are tenants in Ballston required to pay for renter's insurance?
The Commonwealth of Virginia does not require that tenants in Ballston to obtain a renter's insurance policy. However, leases prepared by our property managers require that tenants obtain a renter's insurance policy which pays for losses of the tenant's personal property due to theft, fire, tenant negligence, or if someone is injured at the rental dwelling. 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.
Landlord Reference
a useful source for property owners in Ballston
- Before you rent out your property in Ballston
- Collections and evictions
- Communications with the tenant
- During the lease term
- 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 property management company handles utilities
- How we find tenants
- Insurance matters for owners using our rental management
- How Nesbitt Management handles keys
- Ballston landlord responsibilities
- Maintenance, repairs & inspections for your rental property in Ballston
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your property
- When owners don't yet know their new address
- Vetting tenants in Ballston