PRINCE NY APARTMENTS

Information For NYC Renters

What will I be asked to provide?

For the average rental apartment in Manhattan, you will be asked to provide:

A letter of employment or an acceptance letter for a new job

A copy of a recent paycheck stub

A copy of your most recent tax return

A copy of a recent bank statement

A copy of a valid photo ID (driver's license or employment ID)

A landlord reference letter (when applicable)

Guarantor information (when applicable).

Forms

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Application For Lease

Guarantor's Application

What are the income requirements to rent an apartment?

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.

What is the average financing necessary to rent a typical apartment?

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.

What are the typical lease periods for an apartment?

On the average, most rental leases are either a one or two year lease.

Are pets allowed?

Although some owners will accept cats and dogs, most do not (if you have a pet, please disclose this to your real estate agent).

How do I secure an apartment once I decide I want it?

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