What are the steps to finding an apartment in New York City?
- Reach out to us at firstname.lastname@example.org and we will pair you up with one of our experienced agents to discuss your needs and what your looking for in your apartment search.
- Your agent will schedule showings for the best apartments on the market that match your criteria. We like our clients to see at least 5 to 8 different options so they get a good idea of the different inventory on the market. If you are out of town we can arrange for remote showings using skype or facetime.
- After identifying the apartment that you like your agent will work with you to prepare an application. Each landlord has a different application but generally they require you to submit
- Copy of your state issued ID/Passport
- If Non-US resident - 120/Visa
- 2 most recent bank statements
- Most recent tax return (if applicable)
- If you are a student - a copy of your student ID
- If you are working - letter from your employer stating salary and length of employment
- After your application is accepted by the landlord your agent will work with the landlord to schedule the lease signing. At lease signing you pay all outstanding payments owed, after which you will be able to move into the apartment at the lease start date.
- 1st Month's rent
- Secuirty Deposit (usually equivalent to 1-2 month's rent)
- Broker's fee
- Move in to your new apartment!
What is a guarantor?
In New York City most landlords require tenants that are not employed and making above 40X the monthly rent to have a guarantor. Guarantors sign on behalf of the tenant that they will be liable if the tenant falls behind on rent. To qualify as a guarantor, landlords require them to prove income in excess of 60 to 80X the monthly rent.
Can I use an out of state guarantor?
Landlords place restrictions on who can serve as a guarantor. The most common restriction is that guarantors must be US based. Some landlords go a bit further and state that they will only accept guarantors in the New York or Tri State area. Your agent will inform you the specific guarantor criteria for the apartments you are interested in.
Do you offer short term leases?
While inventory for short term inventory in New York City is very limited we (especially around summertime) we do offer short term leases through our partner landlords when available.
What is needed to apply for an apartment?
- Copy of your state issued ID/ Passport
- If Non-US resident – I20 / Visa
- 2 Most Recent Bank Statements
- Most Recent Tax Return (if applicable)
- If you are a student – a copy of your student ID
- If you are working – letter from your employer stating salary and length of employment
How much are application fees?
Most landlords in NYC charge tenants for the cost of running credit and background checks. This is generally $50 to $150. For Co-Ops and Condos your application is presented to the board so the cost of preparing a board package is significantly more and can range between $500 and $1000.
What do landlords consider when looking at applications?
When considering tenants landlords are not allowed to discriminate based on race, creed, national origin, disabilities, and other protected classes according to NYC Fair Housing Act.
Still have questions? Please email us at email@example.com and we will get back to you.