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