Are tenants in Potomac_place required to purchase renter's insurance?
The Commonwealth of Virginia does not require that tenants in Potomac_place to obtain a renter's insurance policy. However, our leases require that renters pay for renter’s insurance to cover 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 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 free reference for rental investors in Potomac_place
- Before you put a renter in your rental property in Potomac_place
- Collections and evictions
- Communications with the renter
- During the lease term
- End of tenancy and what happens when a renter breaks the lease
- How does the property owner get paid?
- How your property management company handles the association and your community
- How your property manager handles utilities
- How Nesbitt Realty finds renters
- Insurance matters for owners using our rental management
- How Nesbitt Realty & Management manage keys
- Potomac_place owner responsibilities
- Maintenance, repairs & inspections for your property in Potomac_place
- 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 Potomac_place