Are renters in Olde Factory required to pay for renter's insurance?
The Commonwealth of Virginia does not require that renters in Olde Factory to obtain renter’s insurance. 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, tenant 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.
Landlord Reference
a good source for property owners in Olde Factory
- Before you rent out your investment in Olde Factory
- Collections and evictions
- Communications with the tenant
- During tenancy
- End of tenancy and what happens when a tenant breaks the lease
- How does the rental investor 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
- Olde Factory landlord responsibilities
- Maintenance, repairs & inspections for your rental investment in Olde Factory
- 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 tenants in Olde Factory