Are tenants in Basye required to purchase renter's insurance?
The Commonwealth of Virginia does not require that renters in Basye to buy renter’s insurance. However, leases prepared by our property managers require that renters purchase renter’s insurance to cover losses of the tenant's personal property due to theft, fire, renter negligence, or if someone is injured at the property. A’s insurance policy protects the rental property 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 good reference for rental investors in Basye
- Before you put a renter in your investment in Basye
- Collections and evictions
- Communications with the renter
- During tenancy
- 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 rental manager handles utilities
- How we find tenants
- Insurance matters for owners using our property management
- How Nesbitt Management handles keys
- Basye property owner responsibilities
- Maintenance, repairs & inspections for your rental investment in Basye
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your rental property
- When property owners don't yet know their new address
- Vetting tenants in Basye