Are renters in Ballston required to pay for renter's insurance?
The Commonwealth of Virginia does not require that tenants in Ballston to purchase a renter's insurance policy. However, leases prepared by our property managers require that tenants pay for a renter's insurance policy to cover 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 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.
Landlord Reference
a handy archive for rental investors in Ballston
- Before you move a tenant into your property in Ballston
- Collections and evictions
- Communications with the tenant
- During the lease term
- End of lease term and what happens when a tenant breaks the lease
- How does the rental investor get paid?
- How your rental manager handles the association and your community
- How your property management company handles utilities
- How we find tenants
- Insurance matters for rental investors using our rental management
- How Nesbitt Management handles keys
- Ballston landlord responsibilities
- Maintenance, repairs & inspections for your property in Ballston
- 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 Ballston