Landlord Requirements

Landlord requirements will vary from Landlord to Landlord. In general, be prepared with the following documentation, as applicable. By having the required paperwork on hand, you’ll be prepared to submit an application for the apartment you want, and improve your chances of obtaining that apartment.
REQUIRED DOCUMENTATION
1. Letter of Employment with salary verification.
2. Bank account numbers (checking and savings), as well as any credit card numbers
3. Current bank statements
4. Contact information (names, addresses, phone numbers) of previous landlords
5. Contact information of your personal accountant or attorney, if applicable
6. Contact information of any personal or professional references
7. Tax returns from the last two years
8. Most recent pay stubs, typically from the last two pay periods
9. Two forms of personal photo identification (driver’s license, passport, etc)

If you do not meet the minimum income requirements (varies from 40 – 50X monthly rent) as required by a particular landlord or have a credit problem, a Guarantor /may be required. The Guarantor, or co-signor, is usually a family member who agrees to guarantee the terms and conditions of the lease in case you default. Your Guarantor must earn between 75 and 100 times the monthly rent and have a solid credit history. Many landlords require that the Guarantor live in the tri-state area – New York, New Jersey, or Connecticut. Your Guarantor must provide:
a. A copy of the first two pages of their most recent Federal tax return
b. A completed application form as a Guarantor
c. If Guarantor is self-employed, he must provide a letter from an attorney or accountant verifying his annual income.