CONTACT US
 

Level Group


211 East 43rd Street, 24th Floor
New York, NY 10017

Phone 212.994.9965
Fax 212.994.9967
Email info@levelgroup.com
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Renter's Guide

 
Tenant Requirements  -  Be Ready to Act for the Home You Want

New York City is without a doubt one of the most competitive marketplaces for apartment rentals.  Because of this, the requirements that landlords place on potential tenants often seem extreme to those moving to the city for the first time.

For example, many clients are surprised to discover that despite their reasonable credit and credentials, landlords will still require guaranteed income of 40-50 times the monthly rent.  Without this, potential tenants must be prepared to provide a guarantor making at least this much or more, sometimes as much as 100 times the monthly rent!  Guarantors are often required to be a family member living in New York, New Jersey or Connecticut

Below is a Checklist for Applicants and Guarantors to be property prepared.  Having your paperwork in order ahead of time often makes all the difference between getting the apartment you want and missing the opportunity.
CHECKLIST FOR APPLICANT
 
  • ·   Fully completed application. (You must include your social security number on this form)
  • ·   Copy of government-issued photo I.D.
  • ·   Employment verification letter. (On company letterhead, stating position AND salary [plus bonus, if any], with a contact phone number)
  • ·   First and signature pages of last two consecutive Federal 1040 tax forms.
  • ·   Copy of three current, consecutive pay stubs.
  • ·   Copy of most recent bank statement.
  • ·   Proof of additional income/savings (stocks, bonds, savings, etc…)
  • ·   Landlord reference letter.
  • ·   Two personal reference letters.
  • ·   Two business reference letters.

CHECKLIST FOR GUARANTOR
  • ·      Fully completed application. (You must include your social security number on this form)
  • ·      Copy of government-issued photo I.D.
  • ·      Employment verification letter.  (On company letterhead, stating position AND salary plus bonus, if any, with a contact phone number)
  • ·      If Self-Employed, a letter stating position and income from your Accountant or Lawyer.
  • ·      First and signature pages of last two consecutive Federal 1040 tax forms.
  • ·      Copy of three current, consecutive pay stubs.
  • ·      Proof of additional income/ savings (stocks, bonds, savings, etc…)
  • ·      Copy of most recent bank statement.