New #breakthrough #tip: Do you have any New York City Renters Guide? Our partner offers you one. This guide provides you with a step-by-step, easy to follow outline of the entire #process of #renting an #apartment in New York City. The rules are different here. The items which we categorize as necessary in this guide are in fact crucial. We can guarantee that if you do your homework, the process will flow smoothly for you. Assume that there are no exceptions to the items on these lists. Step-by-Step Process to Renting an Apartment in New York City Speak to our partner. Schedule your appointment. Your needs will be discussed, questions will be answered about the process, and you will be assigned to an agent best matched to your needs and budget. Organize and prepare the necessary information to bring with you, including: - Letter of employment and salary verification (include start date if not yet employed) - Bank account numbers (checking and savings), credit card numbers - Names, addresses and phone numbers of previous landlords - Names, addresses and phone numbers of accountant and attorney, if applicable - Names, addresses and phone numbers of personal and business references -Tax returns -Pay stubs -Expected bonus (verification from employer) - Additional sources of income with verification - Personal identification with photograph - drivers license or passport -If relocating, prepare the necessary funds before coming to New York. Landlords will not accept personal or out-of-state checks. They require certified funds. Anyone renting or relocating must: As a guideline, you can expect to pay 25% of your gross annual salary for rent. => Financial Eligibility To qualify for tenancy, most landlords require that you annually earn 40 to 50 times the amount of the monthly rent. Remember to take into consideration outstanding loans and liquid assets. Landlords are rigid in New York City, and cooperative buildings can be even more demanding. => Lease Guarantors If your salary level and total financial picture does not meet the landlords requirements, you will need a co-signor, or guarantor, to guarantee the lease. Landlords prefer a family member who lives and owns property in New York, New Jersey or Connecticut. The guarantor must earn ample income. Extensive financial documentation may be required and paperwork cumbersome. Prepare your potential guarantor for this possibility in advance. Employers will seldom guarantee on behalf of employees. =>Internationals If you pay taxes outside of the United States, or if you have a housing allowance from your employer, your eligibility is evaluated differently. Discuss these areas with your companys relocation department and with your agent. =>Types of Rental Buildings In New York City In addition to buildings that cater solely to the rental community, there are opportunities for you to rent co-operative and condominium apartments in the city. The conditions attached to the leasing of these types of units are totally determined by the building and vary considerably. Your agent can guide you through that process and you can get further insights into these types of buildings by reading the buyer section of this guide. Please do not hesitate to contact us if you have any questions, we will be very happy to answer you.
Posted on: Mon, 26 Jan 2015 11:30:00 +0000
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