Q. | What will I be asked to provide? | |||
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Q. | What are the income requirements to rent an apartment? | |||
A. | To rent an apartment in New York, most landlords require that you earn a minimum of forty times the rent and have at least one year on your current job. If you do not earn forty times the rent, often landlords will require a guarantor. A guarantor is an individual who is willing to co-sign your lease. Guarantor requirements vary from owner to owner, however, typically most owners prefer a guarantor within the tri-state area, earning in excess of seventy times the rent. | |||
Q. | What is the average financing necessary to rent a typical apartment? | |||
A. | One month rent
Security deposit (typically, the equivalent of one month rent) $60.00 per applicant for credit check Broker's fee: Please note that we have many, many "no fee" apartments and many, many exclusives where the customary broker's fee of 15% of annual rent does not apply. |
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Q. | What are the typical lease periods for an apartment? | |||
A. | On the average, most rental leases are either a one or two year lease. | |||
Q. | Are pets allowed? | |||
A. | Although some owners will accept cats and dogs, most do not (if you have a pet, please disclose this to your real estate agent). | |||
Q. | How do I secure an apartment once I decide I want it? | |||
A. | You will need to give your rental agent a deposit and provide us with the requirements listed above. | |||
If you have more questions, please send an e-mail to mainmail@princenycapartments.com |