guide to renting
TRANSCRIPT
Guide toRentingGuide toRentingGuide toRenting
The Corcoran Group is a licensed real estate broker located at 660 Madison Ave, NY, NY 10065.
1. Verification of income, from any lawful source, including but not limited to wages, alimony, social security, child support, federal, state, or local public assistance, etc.
2. A letter from your employer stating your position, salary, length of employment and opportunities for bonuses (if applicable).
3. Your last two pay stubs (if applicable).
4. Your last two years of tax returns.
5. Your last two months’ bank statements.
6. Contact information for previous landlords.
7. Verification of other assets, if any.
8. Photo ID (Driver’s License, Passport, etc.).
5. Organize your documents.*
you’ll need:
When renting in NYC, preparation is key. The process is a fast one. So before the search starts, feel free to ask any and all questions about neighborhoods, building types, transportation access, what’s included and what’s not. This way, Corcoran independent agents can assure that they’ve customized the search to one you’re happy with.
Then, note these 5 handy tips:
1. Prioritize your wants and needs.Work with your agent to determine what is important in your new home. The 3 largest variables are size, location and price. From there, you can discuss other features such as views or building amenities.
2. Discuss your financial situation.If you know what your budget is, before you head out, you’ll save time and energy.
3. Start your search 30-60 days ahead of time.If you search too soon or too late, then you may not see the best available inventory.
4. Have your monies ready.If you find a place you like, it’s best to make a financial commitment immediately.
Start by asking questions
*The above requirements do not apply if you have rental vouchers or other similar rental assistance that meet or exceed the rental price.
To be approved for an apartment (without rental vouchers or other similar rental assistance), you’ll be expected by many landlords to make 40 to 50 times the monthly rent and go through a credit check. If your annual salary does not meet that requirement, then it may be possible to combine salaries of roommates/partners or use a guarantor. Many landlords require that a guarantor typically make 80 to 100 times the required monthly rent and most landlords prefer that they be from the Tri-State area (NY, NJ, CT). If you meet the requirements for a specific listing, you may apply.
40 =
50 =X
Monthly rent
per year
You must earn between
range and
Salary Requirement Calculator
80 =Monthly rent
per year
Your guarantor must earn between
andrange
Guarantorif necessary
$2,000
$2,000
$80,000
$160,000
$100,000
$200,000
*Fair Housing Laws prohibit discrimination based on various criteria including but not necessarily limited to race, religion, color, national origin, gender, sexual orientation, age, ancestry, marital status, veteran status, familial status, lawful source of income and disability. Date of Birth information is requested solely for the purposes of verifying identity in connection with background searches that may be performed and will not be considered for any other purpose.
Applicant(s) warrants and represents that all of the information contained herein is true and accurate. Applicant(s) expressly understands and agrees that the landlord shall have the right to terminate any lease agreement that may be entered into between landlord and Applicant(s) (assuming that landlord accepts Applicant(s) as a tenant) if any information contained herein is false, incomplete or misleading.
Moving costs and salary requirements*
100 =X
Agent
NeedsContact
Search
Satisfaction
Establish your
follow-up
Lease Signing & Transaction Closing
Organize Your Paperwork
Determine Time Frame & Determine Price Range
Schedule Visits & Preview Apartments
A Professional and DedicatedAgent Will Discuss Your Needs
Credit Check & Application Submission
Keys Delivered To You
start
finishWe are with you every step of the way.
Renting in NYC: From Start to Finish
ManhattanNeighborhoods
INWOOD
FORT GEORGE
WASHINGTONHEIGHTS
HAMILTONHEIGHTS
SUGAR HILL
EASTHARLEM
CARNEGIEHILL
YORKVILLE
FINANCIALDISTRICT
NOHO
ALPHABETCITY
STUYVESANTTOWN
GREENWICHVILLAGE
MEATPACKINGDISTRICT
HELL’SKITCHEN
THEATERDISTRICT
LINCOLNSQUARE
FLATIRON
NOMAD
MURRAYHILL
TURTLEBAY
KIPSBAY
BATTERYPARKCITY
LENOXHILL
MORNINGSIDEHEIGHTS
MANHATTANVILLE
MIDTOWNWEST
HARLEM
MIDTOWNEAST
GRAMERCY
CHELSEA
WESTVILLAGE
EASTVILLAGE
LOWEREASTSIDE
SOHO
TRIBECA
LOWERMANHATTAN
CHINA-TOWN
NOLITALITTLEITALY
CE
NT
RA
L P
AR
K
EA
ST
RI V
ER
HU
DS
ON
RI V
ER
UPPERWESTSIDE
UPPEREASTSIDE
H A R L E M Inwood
Fort George
Washington Heights
Sugar Hill
Hamilton Heights
Manhattanville
East Harlem
U P P E R W E S T S I D E Morningside Heights
Lincoln Square
U P P E R E A S T S I D E Carnegie Hill
Yorkville
Lenox Hill
M I D T O W N W E S T Hell’s Kitchen/Clinton
Theater District
M I D T O W N E A S T Turtle Bay
Murray Hill
C H E L S E A
G R A M E R C Y
Kips Bay
NoMad
Flatiron
Stuyvesant Town
W E S T V I L L A G E Meatpacking District
Greenwich Village
E A S T V I L L A G E Alphabet City
NoHo
S O H O Nolita
Little Italy
L O W E R E A S T S I D E
T R I B E C A
C H I N AT O W N
L O W E R M A N H AT TA N Battery Park City
Financial District
WILLIAMSBURG
BUSHWICK
BEDFORDSTUYVESANT
PROSPECTHEIGHTS
PROSPECTPARK
PROSPECTLEFFERTSGARDENS
DITMASPARK
SUNSETPARK
WINDSORTERRACE
FLATBUSH
KENSINGTONCANARSIE
MILLBASIN
FLATLANDS
FLOYD BENNETTPARK
PARKSLOPEGOWANUS CROWN
HEIGHTS
COBBLEHILL
CARROLLGARDENSRED
HOOK
DUMBO
BOERUMHILL
EASTFLATBUSH
GREENPOINT
BRIGHTONBEACHCONEY
ISLANDSEA
GATE
SHEEPSHEADBAY
BATHBEACH
BENSONHURST
DYKERHEIGHTS
BAYRIDGE
FORTHAMILTON
BROOKLYNHEIGHTS
VINEGARHILL
EASTNEW YORK
CYPRESS HILLSFORT
GREENE
BROWNSVILLE
MANHATTANBEACH
CLINTONHILL
MIDWOOD
GRAVESEND
DOWNTOWN
MANHATTANQUEENS
B AT H B E A C H
B AY R I D G E
B E N S O N H U R S T
B E D F O R D - S T U Y V E S A N T
B O E R U M H I L L
B R I G H T O N B E A C H
B R O O K LY N H E I G H T S
B R O W N S V I L L E
B U S H W I C K
C A N A R S I E
C A R R O L L G A R D E N S
C L I N T O N H I L L
C O B B L E H I L L
C O N E Y I S L A N D
C R O W N H E I G H T S
C Y P R E S S H I L L S
D I T M A S PA R K
D O W N T O W N B R O O K LY N
D U M B O
D Y K E R H E I G H T S
E A S T F L AT B U S H
E A S T N E W Y O R K
F L AT B U S H
F L AT L A N D S
F L O Y D B E N N E T T PA R K
F O R T G R E E N E
F O R T H A M I LT O N
G O W A N U S
G R AV E S E N D
G R E E N P O I N T
K E N S I N G T O N
M A N H AT TA N B E A C H
M I D W O O D
M I L L B A S I N
PA R K S L O P E
P R O S P E C T H E I G H T S
P R O S P E C T PA R K
R E D H O O K
S E A G AT E
S H E E P S H E A D B AY
S U N S E T PA R K
V I N E G A R H I L L
W I L L I A M S B U R G
W I N D S O R T E R R A C E
BrooklynNeighborhoods
LONG ISLAND CITY
ASTORIA
JACKSON HEIGHTS
LAGUARDIAAIRPORT
JOHN F. KENNEDY INTERNATIONAL
AIRPORT
BAYSIDE DOUGLAS MANORFLUSHING
ELMHURST
LEFRAKCITY
REGO PARK
FOREST HILLS
MIDDLE VILLAGE
JAMAICA ESTATES
SOUTH JAMAICA
ST. ALBANS
BELLEROSE
FLORAL PARK
KEW GARDENS
RICHMOND HILL
WOODSIDE
SUNNYSIDE
RIDGEWOOD
BROOKLYN
OZONE PARK
THE ROCKAWAYS
QueensNeighborhoodsA S T O R I A
B AY S I D E
B E L L E R O S E
D O U G L A S M A N O R
E L M H U R S T
F L O R A L PA R K
F L U S H I N G
F O R E S T H I L L S
J A C K S O N H E I G H T S
J A M A I C A E S TAT E S
K E W G A R D E N S
L E F R A K C I T Y
L O N G I S L A N D C I T Y
M I D D L E V I L L A G E
O Z O N E PA R K
R E G O PA R K
R I C H M O N D H I L L
R I D G E W O O D
S O U T H J A M A I C A
S T. A L B A N S
S U N N Y S I D E
T H E R O C K A W AY S
W O O D S I D E
Updated 7/23/2020