Are tenants in Lake Frederick required to buy renter's insurance?
The Commonwealth of Virginia does not require that tenants in Lake Frederick to purchase a renter's insurance policy. However, leases prepared by our property managers require that renters buy a renter's insurance policy which pays for losses of the tenant's personal property due to theft, fire, tenant negligence, or if someone is injured at the rental dwelling. A’s insurance policy protects the rental dwelling 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.
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Landlord Reference
a handy reference for landlords in Lake Frederick
- Before you lease out your investment in Lake Frederick
- Collections and evictions
- Communications with the renter
- During tenancy
- End of lease term and what happens when a renter breaks the lease
- How does the owner get paid?
- How your property management company handles the association and your community
- How your management company handles utilities
- How Nesbitt Management finds tenants
- Insurance matters for owners using our rental management
- How Nesbitt Management handles keys
- Lake Frederick landlord responsibilities
- Maintenance, repairs & inspections for your property in Lake Frederick
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your rental investment
- When property owners don't yet know their new address
- Vetting renters in Lake Frederick