Are renters in Baileys Crossroads required to obtain renter's insurance?
The Commonwealth of Virginia does not require that renters in Baileys Crossroads to buy a renter's insurance policy. However, our leases require that tenants buy 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 property. 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.
Landlord Reference
a handy archive for rental investors in Baileys Crossroads
- Before you lease out your rental in Baileys Crossroads
- Collections and evictions
- Communications with the tenant
- During the lease term
- 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 property management company handles utilities
- How Nesbitt Realty & Management finds renters
- Insurance matters for property owners using our rental management
- How Nesbitt Realty & Management manage keys
- Baileys Crossroads landlord responsibilities
- Maintenance, repairs & inspections for your rental investment in Baileys Crossroads
- 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 Baileys Crossroads