Are tenants in Baggett Tract required to purchase renter's insurance?
The Commonwealth of Virginia does not require that renters in Baggett Tract to pay for a renter's insurance policy. However, leases prepared by our property managers require that tenants obtain renter’s insurance which pays for losses of the tenant's personal property due to theft, fire, tenant negligence, or if someone is injured at the rental dwelling. A’s insurance policy protects the property from loss, but not the renter’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 good archive for property owners in Baggett Tract
- Before you rent out your property in Baggett Tract
- 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 landlord get paid?
- How your property management company handles the association and your community
- How your property management company handles utilities
- How Nesbitt Realty & Management finds renters
- Insurance matters for rental investors using our property management
- How Nesbitt Realty & Management manage keys
- Baggett Tract rental investor responsibilities
- Maintenance, repairs & inspections for your property in Baggett Tract
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your rental investment
- When landlords don't yet know their new address
- Vetting renters in Baggett Tract