Are renters in Broadway required to purchase renter's insurance?
The Commonwealth of Virginia does not require that tenants in Broadway to obtain a renter's insurance policy. However, our leases require that tenants obtain 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 property 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 source for landlords in Broadway
- Before you move a tenant into your rental in Broadway
- Collections and evictions
- Communications with the renter
- During the lease term
- End of tenancy 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 rental manager handles utilities
- How Nesbitt Management finds renters
- Insurance matters for rental investors using our property management
- How Nesbitt Management handles keys
- Broadway landlord responsibilities
- Maintenance, repairs & inspections for your rental investment in Broadway
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your rental investment
- When landlords don't yet know their new address
- Vetting tenants in Broadway