Are tenants in Stanley required to buy renter's insurance?
The Commonwealth of Virginia does not require that renters in Stanley to pay for renter’s insurance. However, leases prepared by our property managers require that tenants obtain 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 property. 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.
Landlord Reference
a handy reference for rental investors in Stanley
- Before you put a renter in your investment in Stanley
- Collections and evictions
- Communications with the renter
- During the lease term
- End of lease term and what happens when a tenant breaks the lease
- How does the rental investor get paid?
- How your rental manager handles the association and your community
- How your management company handles utilities
- How we find tenants
- Insurance matters for property owners using our property management
- How Nesbitt Management handles keys
- Stanley landlord responsibilities
- Maintenance, repairs & inspections for your rental property in Stanley
- 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 tenants in Stanley