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