Are renters in Colonial_acres required to pay for renter's insurance?
The Commonwealth of Virginia does not require that tenants in Colonial_acres to buy a renter's insurance policy. However, leases prepared by our property managers require that renters pay for a renter's insurance policy to cover losses of the tenant's personal property due to theft, fire, tenant negligence, or if someone is injured at the rental property. A’s insurance policy protects the rental 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.
Landlord Reference
a useful source for rental investors in Colonial_acres
- Before you move a tenant into your rental in Colonial_acres
- 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 rental investor 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 landlords using our property management
- How Nesbitt Realty & Management manage keys
- Colonial_acres rental investor responsibilities
- Maintenance, repairs & inspections for your rental property in Colonial_acres
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your rental investment
- When owners don't yet know their new address
- Vetting tenants in Colonial_acres