Renting in New York City: Things You Need To Know

 

 

Renting in New York City: Things You Need To Know

 

 

Renting in New York City can be stressful, but it doesn’t have to be. Whether you just moved to the city and are renting your first apartment or you’re on your 7th move, it takes a lot of planning and research to find the right place to live.
There is a lot more complexity to NYC renting than most people anticipate. So, before you sign on the dotted line, here are the questions you need to ask. 

Questions To Ask When Renting an Apartment



After you've found the perfect apartment, it's tempting to sign the lease and move in. However, it is essential to take a step back and make sure you’re asking the right questions during the tour to help you make an informed decision.

  • What is included in my rent?
    In NYC, heat and water may be included in the price of rent. However, you may have to pay for electricity and gas. Understand what your monthly rent payment covers before you commit.

    Some landlords incorporate utility costs into your monthly rent, but others do not. For example, electric, gas, water, and heat are all covered in your rent as a StuyTown and Peter Cooper Village resident. (Residents pay a small monthly A/C fee per unit, which is subject to annual adjustments based on the NYC Rent Guidelines Board.)
  • How long is the apartment lease term?
    In some cases, a landlord may offer a choice of lease terms, such as one year or two years. You may also save money by working signing a two-year lease, if you’re ready for the commitment.
  • Is the apartment pet-friendly?
    If you plan to rent long term, be upfront about having a pet. Keep in mind that dog-friendly apartments may still have restrictions on dog breed, size, and weight. After you’ve been permitted to have a pet, be sure to get it in writing. You may also be required to pay a pet deposit to cover any damages your pet might make to the property.
  • Can I paint or decorate my apartment without penalty?
    Reading your lease is essential. Typically, leases will provide that residents cannot change the paint the walls or drill holes into the wall for their artwork without written authorization from the landlord. Other leases may say you need to return the property to its original condition upon moving out, or you risk losing your security deposit.

    If you’re looking to decorate and make your home truly unique, StuyTown offers custom paint services. You pick the color, and they’ll have the place painted for you.



More Questions To Ask (Before Signing a Lease)

Not sure what else you need to ask? Prepare to move into your first apartment with this handy checklist. (Print out these questions or copy it to your phone.)

  • Do I need a Guarantor?

  • What’s the term limit? Is it a year-long contract or month-to-month?
  • How do I pay rent: by check or online? How are late fees assessed?
  • What are the quiet hours?
  • Are there laundry facilities?
  • What are the rules regarding trash and recycling?
  • Is the neighborhood safe? (Check out the NYC Crime Map.)
  • How close is the nearest subway, bus or public transit location?
  • Where is the closest grocery store?
  • What restaurants are nearby?
  • Where will I park my car? If parking is included, is there a fee?
  • Is the apartment complex clean and well-kept?
  • How are maintenance requests handled?
  • Does the unit currently have any damage?
  • What is the renewal process?
  • How far in advance do I need to give notice before moving out?
  • Can I sublet the apartment?
  • Is renter’s insurance required?

 

Written by Jacqueline Grace