Are tenants in Baileys Crossroads required to buy renter's insurance?
The Commonwealth of Virginia does not require that renters in Baileys Crossroads to purchase a renter's insurance policy. However, our leases require that renters purchase renter’s insurance 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 property from loss, but not the tenant’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 source for landlords in Baileys Crossroads
- Before you move a tenant into your investment in Baileys Crossroads
- Collections and evictions
- Communications with the tenant
- During the lease term
- End of tenancy 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 rental manager handles utilities
- How Nesbitt Management finds renters
- Insurance matters for landlords using our property management
- How Nesbitt Management handles keys
- Baileys Crossroads property owner responsibilities
- Maintenance, repairs & inspections for your rental investment in Baileys Crossroads
- 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 Baileys Crossroads