Are tenants in Northern Virginia required to pay for renter's insurance?
The Commonwealth of Virginia does not require that renters in Northern Virginia to buy a renter's insurance policy. However, leases prepared by our property managers require that renters buy renter’s insurance to cover losses of the tenant's personal property due to theft, fire, tenant 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.
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Landlord Reference
a handy source for rental investors in Northern Virginia
- Before you rent out your property in Northern Virginia
- 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 owner get paid?
- How your management company handles the association and your community
- How your property management company handles utilities
- How we find tenants
- Insurance matters for rental investors using our property management
- How Nesbitt Management handles keys
- Northern Virginia rental investor responsibilities
- Maintenance, repairs & inspections for your rental investment in Northern Virginia
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your rental
- When landlords don't yet know their new address
- Vetting tenants in Northern Virginia