Are tenants in Penn Laird required to buy renter's insurance?
The Commonwealth of Virginia does not require that renters in Penn Laird to purchase renter’s insurance. However, leases prepared by our property managers require that tenants buy 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 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.
Landlord Reference
a handy reference for landlords in Penn Laird
- Before you rent out your investment in Penn Laird
- 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 owner get paid?
- How your property management company handles the association and your community
- How your property manager handles utilities
- How Nesbitt Management finds renters
- Insurance matters for rental investors using our property management
- How Nesbitt Management handles keys
- Penn Laird property owner responsibilities
- Maintenance, repairs & inspections for your rental investment in Penn Laird
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your rental property
- When owners don't yet know their new address
- Vetting tenants in Penn Laird