Are tenants in Baileys Crossroads required to purchase renter's insurance?
The Commonwealth of Virginia does not require that tenants in Baileys Crossroads to pay for renter’s insurance. However, leases prepared by our property managers require that renters obtain 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 property 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 reference for property owners in Baileys Crossroads
- Before you lease out your rental in Baileys Crossroads
- Collections and evictions
- Communications with the tenant
- During tenancy
- End of tenancy and what happens when a tenant breaks the lease
- How does the owner get paid?
- How your rental manager handles the association and your community
- How your property manager handles utilities
- How we find tenants
- Insurance matters for property owners using our rental management
- How Nesbitt Management handles keys
- Baileys Crossroads rental investor 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 investment
- When landlords don't yet know their new address
- Vetting tenants in Baileys Crossroads