Renters

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When applying for an apartment rental, if I’m not sure that my income and/or credit will qualify, should I use a guarantor if I have access to one?

In general, using a guarantor for your application should only strengthen it and improve your chances of being approved.  However, if a guarantor ends up not being necessary, you can save that...

Who should attend a lease signing?

ALL individuals whose names will be included on the lease should attend the lease signing, with one exception.  This may involve all tenants, including roommates, couples and various family members over the...

Is there a standard lease that is used for rental apartments?

There are a few forms of a lease that are generally used by many of the management companies / landlords in NYC, including the REBNY lease, Blumberg lease and leases from companies...

Where does a lease signing generally take place?

Lease signings usually occur at the management company’s / landlord’s office.  Generally, a representative will walk you through the lease signing process, answer any of your questions and provide you with contact...

When is the best time of year to rent in NYC? How does seasonality affect the rental market?

Who should I make the commission check payable to when paying the broker fee for an apartment rental? Is there a specific form of payment that is required?

All commission (broker fee) payments must be made to the brokerage firm where your agent is associated, according to New York State law.  You should NEVER write a check to the individual...

A landlord is offering new tenants the ability to lock in a two year lease at a fixed monthly rent. Should I do it or stick with one year?

This depends on multiple factors, but it really comes down to certainty that you’ll be happy living in the same apartment for the next two years and how the market and economy...

Should I work with one or multiple agents when searching for a rental apartment?

If you start early (4-6 weeks prior to your intended move-in) and find an agent who demonstrates trustworthiness, knowledge about the rental market and provides you with quality listings, then working with...

Should I consider renting a condo or co-op unit instead of an apartment in a rental building?

There are certainly advantages and disadvantages to renting a condo, co-op or in a rental building.  It may depend on personal preference and flexibility with certain items to determine which option is...

Is it a problem to submit an incomplete rental application to a landlord or management company?

It really depends which paperwork you are missing and how strict the management company / landlord is with its requirements.  Many mgmt cos / landlords require a full application to be handed...