HomeApartment HuntingRental Glossary

Rental Glossary

Guarantor Vs. Cosigner: What You Need To Know

When you move into an apartment, you must pass certain financial requirements to show the property owner that you’ll pay your rent on time. In New York City, renters must have a yearly income of 40x their rent and...

My Latest Favorite Google Search: What is Renter’s Insurance and Why Do I Need It?

Like you and many others that will be reading this article, I am currently looking for a place to live in NYC. This is a completely different playing field than what I was used to in college. Back then,...

What Are Two-Up Two-Down Apartments?

Like the Manhattan Classic Six, there is a particular floorplan jargon that is extremely common in pre-war London. It's called the Two-Up, Two-Down row house. It refers to having no neighbors above and below you, but almost always neighbors...

What is Net Effective Rent?

The net effective rent is the monthly amount the tenant pays to the landlord after factoring in incentives. The term is common when searching for apartments  in New York City, especially during the off-peak winter season. This is when...

Can a Home Office be a Bedroom?

Don't worry, this is not a tax deduction discussion related to whether you can expense your bedroom as a home office. Instead of asking whether a bedroom can count as a home office, we want to know: can a...

Net Effective Rent: What it Means and How to Calculate

When you are searching for a new apartment to rent, there are many things you will consider before signing the lease. Location, amenities, the building’s age, and additional factors help us decide whether to rent an apartment or keep...