Are renters in Runnymeade required to purchase renter's insurance?
The Commonwealth of Virginia does not require that renters in Runnymeade to pay for renter’s insurance. However, leases prepared by our property managers require that renters buy 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 property. 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 source for rental investors in Runnymeade
- Before you lease out your investment in Runnymeade
- 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 landlord get paid?
- How your management company handles the association and your community
- How your property manager handles utilities
- How Nesbitt finds renters
- Insurance matters for rental investors using our property management
- How Nesbitt Realty & Management manage keys
- Runnymeade rental investor responsibilities
- Maintenance, repairs & inspections for your rental property in Runnymeade
- 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 renters in Runnymeade