Attention Recent or Soon-to-be Graduates: Why your parents should
use Insurent
As you know, Landlords’ requirements in the New York City are very difficult for many
renters to meet, particularly college and professional school graduates entering the...
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Attention Recent or Soon-to-be Graduates: Why your parents should
use Insurent
As you know, Landlords’ requirements in the New York City are very difficult for many
renters to meet, particularly college and professional school graduates entering the
workforce.
Landlords typically require that an applicant s annual income be 40 to 50
times the monthly rent, and that the applicant has good credit.
For applicants whose
income does not meet the test or who has no credit score, a landlord will require a
guarantor on the lease.
Typically in this situation you would ask your mother/father to act
as your guarantor or co-signer.
If you have ever been through this process before
in NYC then you know it is very difficult for most people’s parents to be approved as a
guarantor.
A landlord may require the guarantor or co-signer to reside in the local metropolitan area,
and have an annual income of 75-90x times the monthly rent.
For example, a landlord
may require the annual income of the guar
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