Are tenants in Cherry Blossom required to pay for renter's insurance?
The Commonwealth of Virginia does not require that tenants in Cherry Blossom to buy renter’s insurance. However, leases prepared by our property managers require that renters pay for renter’s insurance to cover 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.
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Landlord Reference
a useful reference for property owners in Cherry Blossom
- Before you lease out your rental in Cherry Blossom
- 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 landlord get paid?
- How your rental manager handles the association and your community
- How your rental manager handles utilities
- How Nesbitt Realty & Management finds tenants
- Insurance matters for property owners using our property management
- How Nesbitt Realty & Management manage keys
- Cherry Blossom rental investor responsibilities
- Maintenance, repairs & inspections for your rental property in Cherry Blossom
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your property
- When owners don't yet know their new address
- Vetting renters in Cherry Blossom