New York Realtors | C21 Scope Realty

Rental Guide

Navigate Your Rental Journey with Ease, Your Trusted Rental Guide

Finding the right apartment in New York City can be a fast-paced and tiring process. That's why our Rental Guide is here to help. It provides answers to your questions and essential information to make your search easier. Check out the sections on Standard Fund Requirements, General Approval Requirements, and Frequently Asked Questions for everything you need to know.

Standard Fund Requirements

The Budget

Factors like size, location, condition, and amenities all influence the price. Setting a budget early helps you know what you can afford. A general guideline is that your annual income should be at least 40 times the monthly rent to comfortably afford it.

Liquid Funds

The tenants generally provide 1st month's rent upfront, 1 month's rent as the security deposit and 1 month of broker fees. So they should have 3 months worth of funds readily available to start the application process.

General Approval Requirements

The approval requirements differ depending on the landlord/management company.

The Credit History

The Tenants need to have a good credit history. A Major component of the approval process is based on the credit report. A poor credit report typically stems from various factors.

Employment/Pay Stub

In most cases landlords and management companies will require copies of a renters' 3 most recent bank statements from a checking account showing direct deposit of consistent wages/salaries.

Other Requirements

Tax Returns

Certain landlords and management companies might ask for a copy of your latest Federal Tax Return (1040) when you're applying to rent a place.

Self Employed Renters

If you earn money from various sources, you'll need to provide tax returns and a letter from a CPA explaining your business and expected future income.

Rental History

To demonstrate a good rental history, tenants should provide a letter of reference from their previous landlords.

Social Security Number (SSN)

Tenants must have a Social Security Number (SSN). If you don't have one, you'll need a guarantor to co-sign your lease. Students also typically need a guarantor to co-sign.

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Frequently Asked Questions (FAQ)

A “no fees” apartment means that you, as the tenant, are not responsible for paying any brokerage fees or commissions typically associated with renting an apartment in New York City. This means significant savings for you, as you won’t have to worry about additional upfront costs beyond your security deposit and first month’s rent.

No, only some apartments are “no fees”.

The requirements for renting an apartment in New York City typically include proof of income, such as pay stubs or employment verification, a credit check, and references from previous landlords. Landlords may also require a security deposit, which is usually equivalent to one month’s rent, as well as the first month’s rent upfront.

Look for a brokerage with a proven track record of excellence and customer satisfaction. Read reviews from past clients, ask for referrals from friends or colleagues, and research the brokerage’s credentials and affiliations. Choose a brokerage that prioritizes transparency, honesty, and integrity in their dealings with tenants.

We specialize in rental properties throughout New York City, including Manhattan, Brooklyn, Queens, and beyond. Whether you’re looking for a trendy loft in Williamsburg, a luxury high-rise in Midtown Manhattan, or a cozy brownstone in the West Village, our team can help you find the perfect apartment to suit your lifestyle and preferences.

Yes, we provide full support and guidance throughout the rental application process. Our experienced agents will help you complete the necessary paperwork, gather required documentation, and navigate any potential challenges or obstacles that may arise. We’re committed to making the rental process as smooth and seamless as possible for our tenants.

We offer a diverse selection of apartments with a wide range of amenities and features to meet your needs and preferences. Whether you’re looking for a doorman building, a pet-friendly apartment, an in-unit washer and dryer, or stunning views of the city skyline, we have options to suit every lifestyle and budget.

To schedule a viewing or tour of an apartment, simply contact our office or reach out to one of our agents directly. We’ll work with you to arrange a convenient time for you to visit the property and explore its features firsthand. Our team is here to answer any questions you may have and assist you every step of the way.

At CENTURY 21 Scope Realty, we pride ourselves on our commitment to excellence, integrity, and customer satisfaction. Our team of dedicated professionals goes above and beyond to ensure that our tenants find their ideal apartment and have a positive rental experience from start to finish. With our “no fees” model, transparent approach, and personalized service, we’re confident that you’ll be glad you chose to work with us.

Getting started is easy. Simply reach out to us to schedule a consultation or discuss your apartment search preferences. We’ll take the time to understand your needs, preferences, and budget, and then tailor our search to match your criteria. Let us help you find the perfect place to call home in the vibrant and dynamic city of New York.