Are renters in Commonwealth Crossing required to pay for renter's insurance?
The Commonwealth of Virginia does not require that tenants in Commonwealth Crossing to pay for a renter's insurance policy. However, leases prepared by our property managers require that tenants 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 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 good source for rental investors in Commonwealth Crossing
- Before you put a renter in your rental property in Commonwealth Crossing
- 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 management company handles the association and your community
- How your rental manager handles utilities
- How Nesbitt finds renters
- Insurance matters for owners using our rental management
- How Nesbitt Realty & Management manage keys
- Commonwealth Crossing rental investor responsibilities
- Maintenance, repairs & inspections for your rental property in Commonwealth Crossing
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your property
- When owners don't yet know their new address
- Vetting tenants in Commonwealth Crossing