225 1/2 W 56th St

Lease terms

This property requires a Tier-2 application to qualify, which means: 1. Three years of good rental references or homeownership with no late payments. No evictions no exceptions. 2. A minimum credit score of 650 on the Experian Credit Report we pull with at least 3 years of positive credit history: No past due accounts, collections, or judgments. Note: Credit reporting agencies weigh their scoring factors differently, and scores vary between companies and whether the credit is a soft or hard pull. 3. Verifiable, combined, gross monthly income of at least 2.85X the monthly rent amount after deducting for estimated monthly payments based on the Experian credit report (Examples - payments for Credit cards, student loans, autos loans and mortgages). a. Income Requirement Calculator: We utilize an Income Required Calculator that determines the minimum income needed for any given property and applicant. b. Verifiable cash reserves amounting to at least 12x the rent will reduce the income requirement proportionately. c. Mortgages: Monthly mortgage payments may be partly or wholly removed from the income requirement when an applicant sufficiently demonstrates that the property is selling/sold or that rental income offsets the mortgage payment. Applications are reviewed on a first-come, first-served basis for all completed applications. All applications are processed in compliance with Fair Housing Law. We comply fully with all federal, state, and local Fair Housing laws and do not discriminate based on race, color, religion, sex, gender identity, sexual orientation, national origin, familial satus, disability, source of income, or other protected class under California law. Tenant occupancy cannot exceed 2 people. We reserve the right to inspect the unit with advanced notice. Utilities paid: Water only. Renter pays for garbage, sewer, electric. No pets or smoking allowed. Street parking only. Follow rules outlined in lease terms.