To be a New York city tenant is not an easy task.
If you already have an existing credit score (history) it will be much easier.
For foreigners be prepared to pay several months upfront (to a year) and sometimes a significant security deposit. You will have to understand how to present, sell yourself to the landlord.
THE RENTAL PROCESS
The real estate agent you choose will prepare and select homes that fits you.
Once you have found your new home, you will be asked to fill out a rental application form. Application fee range from $25 to $100 depending on the landlord and the management company. Upon acceptance, a credit report will be done and your reference checked. Your agent will be in charge of negotiating the lease terms for you as well as the price. Approved tenants will then sign the lease and provide necessary funds and broker fees (15-18% of the annual rent) the day of the lease signing.
Most landlords will require at least first month/last month rent as well as the equivalent of one month of rent as a security deposit. Some landlords and management companies may require renters insurance. Other buildings might require board package fees, a move in/ move out fee or a pet fee might be applicable if you are renting a home in a condo or co-op.
Thanks to a strong experience in NYC rental market I’ll be happy to guide you!
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