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