Renters

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Under which circumstances would I need to use a guarantor when applying for an apartment rental?

There are multiple situations where you would need to use a guarantor in order to get approved for an apartment.  These can include the following: not meeting minimum income requirements, possessing bad...

If I have bad or no credit, minimal work history, low income or other adverse issues, how can I qualify for an apartment rental?

Depending on your exact situation, it may not be that easy to get approved for an apartment; however, there are certainly several options that you can try to secure a rental.  These...

What are the typical landlord income requirements for getting approved for a rental apartment?

Most management companies / landlords require annual income of at least 40x monthly rent for applicants.  However, this can sometimes vary from 35-50x.  If this requirement cannot be met, a guarantor is...

What are the typical landlord requirements for a guarantor when applying for a rental apartment?

Requirements for guarantors can vary among management companies / landlords, but most will require a certain level of income, good credit, proof of substantial assets and potentially holding residence in specific locations. ...

If I give a real estate agent or landlord cash, checks or my credit card information during the application process, should I get a receipt or some sort of documentation?

Yes, you should definitely ask for a receipt or documentation when providing any type of payment to an agent or landlord / management company.  Various payments can include a deposit, application fee,...

When contacting a real estate agent about a particular rental listing, should I provide additional information about what I’m looking for?

Yes!  Many apartment hunters do their search by going to multiple websites, viewing listings and contacting agents to set up appointments or ask for more information on individual properties.  However, most do...

I need to break my lease. Who should I contact and what steps do I need to take in order to do this?

What are the benefits of working with a real estate agent to find an apartment rental?

There are numerous benefits of working with a real estate agent to find a rental apartment.  However, realistically not every agent will provide all or many of these advantages, so finding a...

What paperwork is required when submitting an application for an apartment rental?

Paperwork requirements tend to vary among landlords / management companies, so each situation may be different.  To be sure of the exact requirements, visit the landlord / mgmt co’s website, contact them...

What are typical application fees when applying for a rental apartment?

Application fees can range from approximately $50-150, depending on the management company / landlord.  For condos and coops, this fee can sometimes be even higher at several hundred dollars per unit or...