Renting an apartment in New York can be tricky and properties can move fast! Your Oxford agent will help you find and rent the right place for you!Below are ways you can make sure you're ready to move... then you can move in!
Step-by-Step Process of Renting an Apartment
1Have a budget
2Know what your apartment must-haves are and what you are willing to compromise on. Each apartment is unique and knowing what you really need is essential.
3Have the right paperwork ready. This will often include:
A letter of employment, including salary verification (and a start date if not yet employed). If a bonus is expected, that should be noted as well.
Bank account numbers (checking and savings) and credit card numbers
Names, addresses, and phone numbers of previous landlords
Names, addresses, and phone numbers of accountants or attorneys, if applicable
Names, addresses, and phone numbers of personal and business references
Pay stubs or payment statements
Personal identification including a photo ID (such as a drivers license or passport)
4If you're relocating from out of state:
Be ready to provide certified checks.
Personal or out-of-state checks will not be accepted.
5Having access to a bank account in New York can help with this, but if this is not possible, bring the funds with you.
6If using traveler's checks, bring enough to have them converted into certified checks.
7Possible required funds to be aware of
Many rentals will require two months rent and a security deposit.
Bring funds to cover broker's fees if your company is not covering them for you. The tenant is responsible for broker's fees in New York City.
Bring funds for a credit check (at Oxford, this may often be paid by personal check)
Be prepared for possible move-in/move-out fees
8When you have the right place for you, you will be asked to fill out a rental application and some miscellaneous documents. Your agent will negotiate the price and lease terms for you. If you accept, a credit report will be run and your references will be checked.
9Once all parties sign the lease and the checks are presented, you're in!