Tips for International Transferees
Helpful Hints for International Transferees who are renting
Financial Eligibility:
Most landlords require that tenants earn between 45-50 times the monthly rent on an annual basis. This amount must be guaranteed income, bonuses are not taken into consideration unless they are guaranteed. Many people who are relocating to New York are surprised that even though their credentials seem strong they still do not meet the strict requirements for most landlords.
If you are not a U.S. citizen, or you pay taxes outside of the U.S., or if you do not have any credit history in the U.S., you may be required to pay additional security at the time of lease signing. This can be as much as six to twelve months rent in advance.
A U.S. based guarantor who earns in excess of 75-100 times the monthly rent can be requested in order to limit the amount of additional security required.
Below you will find a list that can help prepare you for the necessary paperwork that most landlords require. It is a very good idea to have everything with you when you start your search as time is of the essence.
Typical Required Documentation:
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Condominium Buildings: Cooperatives: International Settling – In Services This is the basic description of our one day settling in services. The fee for these services is $1000. If a car and driver are requested, that fee is passed on to our client.
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