Are renters in Broadway required to pay for renter's insurance?
The Commonwealth of Virginia does not require that tenants in Broadway to obtain a renter's insurance policy. However, leases prepared by our property managers require that tenants buy a renter's insurance policy which pays for losses of the tenant's personal property due to theft, fire, tenant negligence, or if someone is injured at the rental 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 useful source for landlords in Broadway
- Before you move a tenant into your rental property in Broadway
- 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 landlord get paid?
- How your property management company handles the association and your community
- How your property management company handles utilities
- How we find renters
- Insurance matters for property owners using our rental management
- How Nesbitt Management handles keys
- Broadway property owner 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
- When property owners don't yet know their new address
- Vetting tenants in Broadway