A typical lease in New York is 12 months. Shorter term rentals are scarce but findable and often furnished, so if you are looking for temporary housing this may be an option. We can help anyone that is looking to rent for at least two months find their place in New York.
Local income is important to landlords in New York. So it really helps if you have a good job here. Not only do you need to show proof of US income, it often has to be around 40x the monthly rent. So if you are looking to rent a place for 3,000$, that means that you need to prove at least 120,000 USD of annual income from your household. If you do not meet these requirements, please contact us to via our contact form to see what other options you may have.
When applying to rent an apartment you will most likely need the following documentation. Your broker can help you gather this in advance of your housing search so you won't lose time when your ideal apartment comes around.
With your application you will need to submit the application fee and credit check fee. Upon approval by the landlord or leasing agency approves, you will be invited to sign the lease and will need to submit the following in the form of individual certified checks:
If you don not meet the US income requirements the landlord may ask for one or all of the following;
You can go on the internet and try to find availabilities. However, if you decide to do this on your own, bear in mind that the process of finding the right place can be very frustrating and time consuming. This is because most of the apartments in New York are marketed by brokers, which means that you will have to pay a broker's fee as the renter regardless of whether you are using a broker yourself or not. Having someone like us by your side will not only give you access to ALL of the apartments in the market, we also understand very well what it takes to secure the unit if you like it. In such a competitive market as this one it is absolutely necessary to act fast and concise, so it helps knowing the rules of engagement.
Finding a place can take anywhere from days up to weeks, depending on your particular wishes and your required move in date. After you identified your new home, now is the time to act quickly. Make sure you have the paperwork and money ready so nobody can scoop away your new home! Then it is time for the landlord, leasing agency, condo- or co-op board to approve you. Once approved, you will be requested to deposit the money and if the unit is vacant, you can move in immediately. The entire process usually takes at least a week, but can take longer.
Are you coming alone or as a couple or family? Are the kids going to share a bedroom or will they need their own? Would you be working from home also, requiring a home office? What about visitors, would you like to host them in an extra room or on a sleeping sofa? Is there a live in nanny? And so forth.
This is an important question. If you have been to New York City before you may already have a preference, the reality of living here may be very different though. Many other factors come into play like; Where is your work or university? Where will your children go to school? How big an apartment are you looking for? What kind of neighborhood do you feel at home? And of course, what is your budget? We are happy to listen to your story and help you prioritize.
In New York the person who rents an apartment pays the broker fee. However, a good broker will also show you options that are owner pays, or in other words, where you will not have to pay a fee. Examples of areas with owner pays buildings are Midtown East and West and the Financial District.
Typical broker fees for renting are;
Based on the guidelines above you should have an idea if you are a viable tenant for New York City landlords. Please contact us via our contact form and we will be happy to answer any additional questions you may have. Or have a look at the types of apartments you may find in New York.