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Commonly Asked Questions about Rental Property Documentation

A wave of new legislation strengthening tenant protections in California goes into effect in 2024. These laws limit evictions, cap security deposits, extend rent control, and make it easier for tenants to fight back against landlords trying to skirt housing regulations.
In New York, the law regarding rental application fees is found under the New York State Real Property Law 238-a. This statute caps application fees at $20 and requires landlords to waive this fee if the applicant provides their own recent background check or credit check conducted within the past 30 days.
The 40x rent rule is the most common in NYC, but its not the law, and you dont always have to make 40x the rent in NYC as some landlords have different standards.
Information Required on a Rental Application Name and contact info. Social security number (for background and credit checks) Current and previous addresses. Employment history and income. References (personal and professional) Vehicle information (if youll be parking on the property)
Most of the time, the application process takes one to three business days. Background checks and employment verification may take some additional time. Sometimes things move more quickly. A prospective tenant might tour an apartment (in-person or virtually), apply, get approved and sign a lease, all on the same day.