Are tenants in Fairfax required to purchase renter's insurance?
The Commonwealth of Virginia does not require that tenants in Fairfax to purchase a renter's insurance policy. However, leases prepared by our property managers require that renters obtain 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 rental property. 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.
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Landlord Reference
a useful source for landlords in Fairfax
- Before you lease out your investment in Fairfax
- Collections and evictions
- Communications with the renter
- During tenancy
- End of tenancy 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 management company handles utilities
- How Nesbitt Management finds renters
- Insurance matters for property owners using our property management
- How Nesbitt Management handles keys
- Fairfax property owner 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
- When property owners don't yet know their new address
- Vetting renters in Fairfax