Are tenants in Colonial Village required to obtain renter's insurance?
The Commonwealth of Virginia does not require that renters in Colonial Village to purchase renter’s insurance. However, our leases require that renters buy a renter's insurance policy which pays for 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 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 useful reference for rental investors in Colonial Village
- Before you move a tenant into your rental in Colonial Village
- 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 rental investor get paid?
- How your management company handles the association and your community
- How your management company handles utilities
- How Nesbitt Realty & Management finds tenants
- Insurance matters for landlords using our rental management
- How Nesbitt Realty & Management manage keys
- Colonial Village landlord responsibilities
- Maintenance, repairs & inspections for your rental investment in Colonial Village
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your rental property
- When property owners don't yet know their new address
- Vetting renters in Colonial Village