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