Are renters in Potomac Yard Condominium required to obtain renter's insurance?
The Commonwealth of Virginia does not require that tenants in Potomac Yard Condominium to buy renter’s insurance. However, our leases require that renters 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 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.
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Landlord Reference
a handy source for landlords in Potomac Yard Condominium
- Before you put a renter in your investment in Potomac Yard Condominium
- Collections and evictions
- Communications with the tenant
- During the lease term
- End of lease term and what happens when a renter breaks the lease
- How does the owner get paid?
- How your management company handles the association and your community
- How your rental manager handles utilities
- How Nesbitt Realty & Management finds tenants
- Insurance matters for landlords using our rental management
- How Nesbitt Realty & Management manage keys
- Potomac Yard Condominium owner responsibilities
- Maintenance, repairs & inspections for your rental property in Potomac Yard Condominium
- 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 Potomac Yard Condominium