Are renters in Milway Meadows required to pay for renter's insurance?
The Commonwealth of Virginia does not require that renters in Milway Meadows to buy renter’s insurance. However, leases prepared by our property managers require that tenants purchase a renter's insurance policy which pays for losses of the tenant's personal property due to theft, fire, renter 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.
Landlord Reference
a handy reference for property owners in Milway Meadows
- Before you lease out your investment in Milway Meadows
- Collections and evictions
- Communications with the tenant
- During the lease term
- End of tenancy and what happens when a renter breaks the lease
- How does the property owner get paid?
- How your property management company handles the association and your community
- How your rental manager handles utilities
- How Nesbitt finds tenants
- Insurance matters for rental investors using our rental management
- How Nesbitt Realty & Management manage keys
- Milway Meadows rental investor responsibilities
- Maintenance, repairs & inspections for your rental property in Milway Meadows
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your rental investment
- When property owners don't yet know their new address
- Vetting tenants in Milway Meadows