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