The Basic Steps

1. Call Douglas Elliman's Global Relocation Division at 212.350.5250, to begin your process. On this call we will review:
   • Your housing needs (search criteria) and timing
   • The Market
   • The application process and requirements
   • Any additional items and questions specific to your move
   • Funding
2. Upon conclusion of this call, your Douglas Elliman move consultant will assign the best agent to work with you to find your new home
3. Your agent will search for properties based on your search criteria and budget
4. Your agent will schedule viewings and accompany you to each apartment based on your availability
5. Once you find an apartment, your agent will walk you through the entire application process and requirements

The Application Requirements

Most landlords will require proof of sufficient income to satisfactorily cover the monthly rent as determined by the landlord and applicable law. Please keep in mind the requirements are not standardized so requirements can vary. Historically property management companies have asked for the following documents to the extent applicable. The requirements for your lease will be specified by the landlord at the time of application and are not the requirements of Douglas Elliman. If you have any questions regarding a landlord's requirement, you are encouraged to ask your assigned agent.

1. Income of 35-50X the monthly rent, or other proof of source(s) of income or ability to pay rent
2. Fully completed and signed application
3. Proof of source(s) of income or ability to pay rent
4. Bank account information (checking/savings)
5. Letter or names, addresses and phone numbers of previous landlord. If applicable, include the same for your accountant
6. Names, addresses and phone numbers of personal and business references
7. Tax returns (first two pages)
8. Personal identification with photograph – e.g., driver's license or passport
9. The requirements for your lease will be specified by the Landlord at the time of application

Upon receipt and review of the documents, the landlord will review the details and determine if the application will be accepted. Once it is accepted, they will outline the final payments due at lease signing. The approval process can vary from one (1) day to one (1) month.

Funding

It's important to prepare the necessary funds before coming to New York. Landlords will not accept personal or out-of-state checks. They require certified funds. With this in mind, you should:

1. Try to establish a New York bank account before you begin your search. If this is not possible, landlords typically request that you have available funds with you as security in the U.S. equivalent to four (4) months' rent to cover rent and security, as well as to avoid collection issues.
2. Bring funds to cover the other costs in leasing an apartment which can include:
   • Broker's fee 12-15% of the first years rent (paid by the tenant)
   • Application fee
   • Credit check fee
   • Bring funds to cover possible move-in/move-out fees (See Co-op/Condo Funds needed).
3. Your agent will search for properties based on your search criteria and budget
4. Your agent will schedule viewings and accompany you to each apartment based on your availability
5. Once you find an apartment, your agent will walk you through the entire application process and requirements

Note: Renting a condominium or Co-op can mean higher application fees and possibly a board approval process

If your salary level available source(s) of income and total financial picture does not meet the landlord's requirements, you will need a co-signor, or guarantor, to guarantee the lease. Landlords prefer a tri-state guarantor.