Rental Guide

It is a well-known fact that the New York City Apartments Rental market moves fast. Our Rental Guide addresses the fundamental questions our clients have about finding an apartment. See sections on General Approval Requirements, Standard Fund Requirements, Typical Questions Answered, and Real Estate Terms Defined.

1. Begin your search by making an appointment with one of our agents.

· To save time and energy discuss your financial, credit and pet situations with your agent.

2. Apply for the apartment of your choice

· Fill out an application

· Pay the application Fee

3. Knowing what most landlords will require…

· Tenant should earn (annually) 40 times the monthly rent

· Guarantors should earn (annually) 80 times the monthly rent.

· Good credit score

4. Submit Documents

· Collect documents and email or fax them ASAP. Taking long can cause to you to miss out on the apartment.

WORKING PEOPLE:

DRIVER LICENSE or PASSPORT

3 MOST RECENT PAY STUBS

LAST YEAR’S W2 or FIRST TWO PAGES OF TAX RETURNS

LETTER OF EMPLOYMENT (SHOULD INCLUDE: HOW LONG, POSITION AND SALARY)

RECENT BANK STATEMENT

COPY OF PRESENT LEASE

LAST 3 CANCELLED RENT CHECKS or RENT RECEIPTS

LETTER OF REFERENCE FROM PRESENT LANDLORD

STUDENTS:

DRIVER LICENSE or PASSPORT

SCHOOL SCHEDULE

RECENT BANK STATEMENT

COPY OF PRESENT LEASE

LAST 3 CANCELLED RENT CHECKS or RENT RECEIPTS

LETTER OF REFERENCE FROM PRESENT LANDLORD

Considering a guarantor:

A guarantor is considered a “co-signer”; this person will be responsible for all terms. If the apt is for a share this person will guarantee the entire rent and lease (not just your share).

Your Guarantor will need to provide the following documents:

ORIGINAL NOTARIZED GUARANTOR FORM

LAST YEAR’S W2 or FIRST TWO PAGES OF TAX RETURNS

BANK STATMENT

5. The broker will forward the application to the landlord and will await a decision. An answer usually takes days.

6. Lease Signing

· Once approved a time will be organized for lease signing. Balance of all monies will then to be paid.

Keys will be given on the lease start date.