New Jersey Rental Guide 2022

• Your position • Job start date • Annual salary (including any bonuses) • Any guaranteed funds; i.e., travel, relocation, or housing allowance and the specified amounts • Employer information Bank Information 1. The name and contact information of your bank 2. Bank statements from the last two months reflecting balances large enough to cover rent (account balance should have the equivalent of at least 6 months’ rent) Government Information 1. Tax returns from the last two years (or employer letter documenting income for non- US citizens or new hires) Personal Information 1. The names and contact information of any previous landlords 2. A driver’s license, passport or another form of government-issued photo identification 3. Emergency contact information Funds 1. Money to cover application fee(s): $50.00-$100.00 for Rental Buildings; $250.00- $2,500.00 for Co-ops, Condos, or Homes 2. Required Certified Funds (Bank certified checks or money orders): One month’s rent; One month’s security (additional security may apply for those without a US credit history) Note: Not all banks will issue certified checks. Additional Information 1. (If applicable) The essential information of your guarantor (see “Rental Qualifications”) 2. Personal or business references or reference letters from previous landlords What Is A Lease? A lease is a legally binding contract which denotes that you, as the tenant, agree to rent an apartment from the property owner for a defined period, at a specified price. When Do I Sign My Lease? When you are applying for a rental property, the process of lease-signing is rather straightforward. After you have submitted your application and any supplemental documents, the landlord will take 24 to 72 hours to do a background and credit check on you. This is when the landlord may choose to present you with specific terms for you to rent the property, i.e., additional rent up-front or a larger security deposit. Presuming that your records are in order, and any terms proposed by the landlord are agreeable to both parties,

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Rental Guide: New Jersey