Are renters in Westmoreland_terrace_condo required to obtain renter's insurance?
The Commonwealth of Virginia does not require that renters in Westmoreland_terrace_condo to buy renter’s insurance. However, leases prepared by our property managers require that renters pay for 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.
Landlord Reference
a handy reference for property owners in Westmoreland_terrace_condo
- Before you lease out your investment in Westmoreland_terrace_condo
- Collections and evictions
- Communications with the renter
- During tenancy
- End of tenancy and what happens when a tenant breaks the lease
- How does the landlord get paid?
- How your property management company handles the association and your community
- How your rental manager handles utilities
- How Nesbitt Realty & Management finds renters
- Insurance matters for landlords using our rental management
- How Nesbitt Realty & Management manage keys
- Westmoreland_terrace_condo property owner responsibilities
- Maintenance, repairs & inspections for your rental investment in Westmoreland_terrace_condo
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your property
- When landlords don't yet know their new address
- Vetting tenants in Westmoreland_terrace_condo