Are renters in New Market required to purchase renter's insurance?
The Commonwealth of Virginia does not require that renters in New Market to pay for 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 rental dwelling. A’s insurance policy protects the 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 archive for landlords in New Market
- Before you lease out your rental property in New Market
- 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 landlord get paid?
- How your property manager handles the association and your community
- How your property management company handles utilities
- How we find renters
- Insurance matters for owners using our property management
- How Nesbitt Management handles keys
- New Market landlord responsibilities
- Maintenance, repairs & inspections for your property in New Market
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your property
- When landlords don't yet know their new address
- Vetting renters in New Market