
WHAT YOU'LL NEED TO OBTAIN AN APARTMENT (REALLY, REALLY IMPORTANT)
- Photo ID
- Social Security Number
- Letter of employment *
(if new on the job - acceptance letter)- Last 2 years tax returns *
- Paycheck stubs*
- Recent bank statement
- Personal reference letter
- If retired - letter from your CPA
- Letter from previous landlord (if any)*
Letter of employment needs to state:
- Name and address of the company
- Contact person for verification with phone number
- Annual salary
- Length of employment and your position
- You will need all of this for each applicant on the lease.
In New York City in order to qualify for your wish apartment, you
need to know that owners and landlords here require prospective tenants to earn 40 to 45 times the monthly rent.If you can not qualify with your income you than need a guarantor.
Guarantor is generally needed if:
- your credit rating is not good
- your income is less than 40 times the monthly rent
- you are just starting a new job (no previous work history) or
- your length of employment is less than a year
Guarantor is person who co-signs your lease. He/she needs to provide all of the documents above, with one exemption - person being a guarantor needs to show income of 80 to 90 times the monthly rent. Some landlords will take only guarantors from New York State or
New York Tristate area (NY, NJ, CT) and other again guarantors throughout the country.