![]() We also do not accept guarantee services from educational institutions.Ĭold water supply is included in the rent. No, we do not accept Insurent, The Guarantors, Rhino or other similar services at this time. You cannot pay "advance rent" either.ĭo you accept the Insurent™ lease guaranty service (or other institutional/corporate guarantor services)? In July 2019 New York State amended it’s laws surrounding residential rentals to prevent landlords from collecting more than first months rent and a one month security deposit. ![]() I don't meet the requirements outlined above but I can pay additional months of rent upfront or extra security deposit instead. If your Guarantor does not meet the income requirements, but has a strong credit history and significant assets please contact us to inquire about whether your specific situation might still be acceptable to the landlord. What if my Guarantor(s) do not meet the requirements? We do not accept corporations, institutions, or businesses to serve as Guarantors. We accept a maximum of 2 Guarantors and may combine their incomes in order to reach the 80x the monthly rent requirement. If an apartment is $2,000/month, a Guarantor must earn $160,000 annually or higher to qualify.) A Guarantor must also have a strong US credit history and a US social security number. Relatives, employers, or associates who are financially sound and should make an annual income equal to or above 80x the monthly rent of the apartment you are interested in applying for. We do not accept International Guarantors living and working outside of the United States. In the event another Guarantor is needed, we accept a maximum of 2 Guarantors living and working in the United States. We may accept an alternate Guarantor or an additional one if the initial Guarantor does not qualify individually. If necessary, we require only 1 Guarantor, even if there are several Tenants and roommates. A Guarantor does NOT guarantee only an individual Tenant on the lease but the terms of lease itself. Can I use a co-signer/guarantor?Ī Guarantor is someone who is currently living and working in the United States and agrees to be equally responsible for all of the rules, regulations, and guidelines of the lease for the entire term. Seems like I (and/or my roommate) don't qualify on my/our own. ![]() Please include the contact information for agency support personnel who can respond to questions and requests for your voucher program. Please consult with a representative of the agency that issues your voucher for guidance on what documents may be needed with your application. I HAVE A GOVERNMENT ISSUED HOUSING VOUCHER (SECTION 8, CITYFEPS, ETC). ![]() We accept a maximum of 2 Tenants as lease holders and may combine incomes between Tenants and roommates to reach the 40x the monthly rent requirement. Please note the scoring system we use to assess applicants may show us a lower score than scoring systems that you as a consumer have access to and that the credit standards applied to voucher holders may be different than those mentioned elsewhere in this FAQ. As a general guideline we look for applicants to have a credit score with the Experian bureau of 690 or better. If an apartment is $2,000/month, Tenants must earn $80,000 annually or higher to qualify.) A qualified Tenant must also have a strong United States credit history and a United States social security number. Tenants and roommates should make a combined annual income equal to or above 40x the monthly rent of the apartment they are interested in applying for. Tenants should be currently employed and financially sound to qualify on their own. ![]() Packages are directed by the virtual service to a package room located in the cellar for tenants to pick up at their convenience. 833 Monroe Street tenants instead have a virtual doorman service for package receipt. Both buildings are interconnected via the cellar level and tenants from either building have access to all amenities throughout both buildings with the exception of the doorman service. Unlike 1024 Gates Avenue, all units in 833 Monroe Street also have dishwashers. 833 Monroe Street was built where the parking lot for the bank was and consists of 86 units all of which are one or two bedrooms. It consists primarily of Studio and One Bedroom apartments. What is the difference between 1024 Gates Avenue and 833 Monroe STreet?ġ024 Gates Avenue is a 49 unit building that sits in the footprint where the Eastern District Savings bank was and retains some of its architectural features. *Please note that all policies described below are subject to change without notice ![]()
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