RENTAL GUIDE

Please take a moment to get familiar with our leasing requirements and application procedures.

VIEW AN APARTMENT

From start to finish, Algin's leasing staff is dedicated to making your apartment search as easy as possible. Please call our office at 212.213.1727 if you are interested in a building and would like to schedule a viewing. Our staff will be pleased to give you a tour of the building, available apartments, and answer any questions that you may have.

SEND AN APPLICATION

Applications can be approved and processed expeditiously provided the applicant has submitted all the required documents.

Download an application form here.

RENTAL REQUIREMENTS

Income Qualification

Residents are required to have an annual income that is equal to or greater than 50 times the cost of monthly rent.  If the apartment has two applicants, the sum of both applicants will be considered.

Co-Signer Requirements

If you are looking to have a guarantor co-sign, they must also apply and satisfy the same income requirements. All applicants (guarantors and tenants) must have documented income equal to 80 times the monthly rent. The co-signer must also reside in the United States.

Proper Documentation

The following documentation is required for every applicant to be considered:

  • Completed Application Form
  • $100.00 Application Processing Fee (Per Applicant) 
  • Complete Copy of Recent Bank Statements
  • Copy of Photo Identification
  • Employment Verification Letter
  • Four Consecutive Pay Stubs/ W2 Statements
  • Full Income Tax Returns (If other proof of income is not available)
  • Landlord Reference Letter

PAYMENTS & SECURITY DEPOSITS 

Security Deposits

The standard security deposit is equal to one month's rent. Security deposits will earn interest subject to bank regulations. The interest, minus a 1% administrative fee to which the owner is entitled, will be refunded should you fulfill all of the terms of your lease.

  • Additional security monies may be required if the management deems it necessary during the application process.
  • Additional security is required in buildings where pets are allowed.

Required Payment At Lease Signing

Payment for security and first month's rent is due at the time of leasing signing in the form of a certified check or bank check.

Monthly Payments

Tenants will receive monthly invoices. Monthly payments can be made by mail to the address provided on the invoice.