Are renters in New Market required to purchase renter's insurance?
The Commonwealth of Virginia does not require that tenants in New Market to buy a renter's insurance policy. However, leases prepared by our property managers 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 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.
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As part of our service to you, Nesbitt Realty agents stay up-to-date on the latest market trends so that we can keep you well-informed.
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Landlord Reference
a handy reference for landlords in New Market
- Before you lease out your rental in New Market
- Collections and evictions
- Communications with the tenant
- During tenancy
- End of tenancy and what happens when a tenant breaks the lease
- How does the rental investor get paid?
- How your property management company handles the association and your community
- How your management company handles utilities
- How Nesbitt Management finds renters
- Insurance matters for owners using our rental management
- How Nesbitt Management handles keys
- New Market landlord responsibilities
- Maintenance, repairs & inspections for your rental property in New Market
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your rental property
- When landlords don't yet know their new address
- Vetting tenants in New Market