Are tenants in Fairfax required to purchase renter's insurance?
The Commonwealth of Virginia does not require that renters in Fairfax to purchase renter’s insurance. However, leases prepared by our property managers 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 dwelling. A’s insurance policy protects the rental dwelling 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 free archive for rental investors in Fairfax
- Before you rent out your rental property in Fairfax
- 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 owner get paid?
- How your property manager handles the association and your community
- How your management company handles utilities
- How we find renters
- Insurance matters for property owners using our property management
- How Nesbitt Management handles keys
- Fairfax rental investor responsibilities
- Maintenance, repairs & inspections for your rental property in Fairfax
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your rental investment
- When property owners don't yet know their new address
- Vetting tenants in Fairfax