Are renters in Duke_condominium required to purchase renter's insurance?
The Commonwealth of Virginia does not require that tenants in Duke_condominium to pay for a renter's insurance policy. However, our leases require that renters pay for a renter's insurance policy to cover losses of the tenant's personal property due to theft, fire, renter negligence, or if someone is injured at the rental dwelling. A’s insurance policy protects the rental dwelling 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 free source for rental investors in Duke_condominium
- Before you put a renter in your rental property in Duke_condominium
- Collections and evictions
- Communications with the renter
- During the lease term
- End of lease term and what happens when a tenant breaks the lease
- How does the owner get paid?
- How your property management company handles the association and your community
- How your management company handles utilities
- How Nesbitt finds tenants
- Insurance matters for owners using our property management
- How Nesbitt Realty & Management manage keys
- Duke_condominium landlord responsibilities
- Maintenance, repairs & inspections for your rental investment in Duke_condominium
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your rental property
- When owners don't yet know their new address
- Vetting tenants in Duke_condominium