Looking for a NYC Apartments in the New York City, you can find them in the Manhattan rental market it is the best place to find decent apartments. You have to find out more about the NYC Apartments leasing market and also about the rental building requirements. All apartments reflect on rental requirements. Some of the common requirements for rentals are given below.
General requirements to rent in New York City Apartments are as follows:
1. You need to pay application fee if you want to rent a NYC Apartments it costs around $50 to $125 depending on the areas you are looking for. If there are any guarantors then you need to pay the same cost. The application fee in non-refundable
2. As per the conditions of the owners apartment's rental requires the tenant should be earning 40 to 50 times more than the rental price of the apartment. That means your income should be around $80,000 per year for example assume you are paying rent around $2000, it is multiplied by 40 or 50 times so the final amount is like $2000 x 50 =$80,000 that means the applicant has to earn $80,000 to rent an apartment. If your income does not match according to owners conditions than you can take guarantors help to qualify you to rent the apartment but they need to earn 75 to 100 times more than the price of the rental apartment. That means $2000 x 75 = $150,000. They need to earn more around $150,000. If both are unable to meet the conditions than, they need to pay some security deposit.
3. Most of the NYC Apartments building owners asks the tenant to provide more information like paystubs, letter from the company which mentions their position, salary and how long he is with this employer for verification all these documents has to be provided to the owner to rent the apartment. If you are self-employed, you need to provide a letter from CPA indicating your income for the previous year as well as you need to show how much you will be earning this year.
4. Some owners asks for few bank statements to verify that you have sufficient assets, some of them go even more extent and asks you to have certain amount in your bank account
5. Some owner asks you to provide your last year's tax return to verify your income.
6. Some owner in New York City even asks for the last few canceled checks to verify that you paid your rent on time.
7. Last but not least they ask you to provide an identification which can be a driver's license or a passport, etc.
Once everything is submitted and everything is accepted than you can sign the leasing papers by paying the security deposit that is generally one month's rent and first month's rent paid with certified funds. After that you are ready to rent the apartment.
