Marc Lewis - New York City Apartments
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Required Documents Rental Terms  

Apartment Lease Terms
Most lease contracts are standard and are for minimum of one year. If you rent a "rent-stabilized" apartment you are protected under the New York City rent stabilization laws. If you might be leaving earlier than the contract period, be sure to tell your agent, as it may be possible to negotiate a lease break clause.

New York City Rent Stabilization LawNew York City Rent Stabilization Law of 1969

Guarantor or Cosigner
If you are new on the job in New York City and have no previous credit history, landlords often require a parent or friend with substantial income or assets to assist you. They may be required to sign the lease with you in case you become unable to pay your rent. This process is relatively easy and is often asked for in the Manhattan apartment market.

A couple outside of a Brownstone Apartment

Sharing Apartments
Two or more people sharing an apartment is acceptable, but must be disclosed when filling out the lease contract.

New York City Tenant's Rights GuideNew York City Tenant´s Rights Guide

Pets are permitted in some rentals, but must be a part of the contract, which stipulates the type and size of pets which are allowed.

Dog and Cat

Security Deposits
One months rent is the generally accepted rule of thumb when it comes to security deposits. The deposit is generally refunded within one month after you move out of the apartment, as long as it is in the same or better condition than when you signed the lease.

Marc Lewis
Wave Real Estate Group, LLC
111 East 31st Street, New York, NY 10016

Phone: (914) 420-4675   

Licensed Realtor by New York State
An Equal Housing Opportunity
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