Are tenants in Haymarket required to obtain renter's insurance?
The Commonwealth of Virginia does not require that tenants in Haymarket to pay for a renter's insurance policy. However, leases prepared by our property managers require that renters pay for renter’s insurance which pays for losses of the tenant's personal property due to theft, fire, renter negligence, or if someone is injured at the rental property. 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.
Landlord Reference
a good reference for rental investors in Haymarket
- Before you move a tenant into your rental in Haymarket
- 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 property owner get paid?
- How your property manager handles the association and your community
- How your property management company handles utilities
- How Nesbitt Management finds tenants
- Insurance matters for rental investors using our property management
- How Nesbitt Management handles keys
- Haymarket landlord responsibilities
- Maintenance, repairs & inspections for your rental property in Haymarket
- 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 renters in Haymarket