Property Management
In West Virginia, a property manager should require tenants to carry renter's insurance primarily to:
AReplace the landlord's property insurance
BProtect the tenant's personal property and provide liability coverage for the tenant✓ Correct
CSatisfy the requirements of the WV Landlord-Tenant Act
DReduce the landlord's property tax assessment
Explanation
Renter's insurance protects the tenant's personal belongings and provides personal liability coverage. The landlord's property insurance covers the building but not tenants' personal property.
Related West Virginia Property Management Questions
- A gross lease used in commercial property management in West Virginia typically means:
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