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