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