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Posted by Lurker-Owner on March 06, 2001 at 17:15:39:

In Reply to: Re: landlord wants tax return posted by Sue on March 06, 2001 at 15:17:34:

: Landlords in NY today - in what is still a seller's market - can and do ask for pay stubs/W-2's/tax returns/etc as well as running a credit check.

Two things:

1. Check out the roommate law (RPL Sec. 235-f), you may not need to put the friend on the lease.

2. The reason landlords check references, credit reports, landlord-tenant court records, etc., is not so much that it is a seller's market (though it may be) but that it is next to impossible to evict a bad tenant. Accordingly, to keep down the cost in money and time of going to court -- particularly with stabilized apartments -- we don't take gambles on people who have EVER been sued by their landlord, people who have been self-employed for less than three year, people who have been late more than once with their credit cards, people who have more than 10 credit cards, etc.

Follow Ups:

• checking records chelsea 03/07/01 (6)
  • Ignore Chelsea Real Estate Mogul 03/10/01 (1)
    • Yeah! Just ignore me, landlords! chelsea 03/10/01 (0)
  • ... Especially when there are 10 applicants for each apartment (nt) MikeW 03/08/01 (0)
  • Re: checking records Lurker-Owner 03/08/01 (2)
    • Re: checking records chelsea 03/08/01 (0)
    • LL's are very foolish sometimes rs tenant 03/08/01 (0)

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Comments:
: : Landlords in NY today - in what is still a seller's market - can and do ask for pay stubs/W-2's/tax returns/etc as well as running a credit check.

: Two things:

: 1.  Check out the roommate law (RPL Sec. 235-f), you may not need to put the friend on the lease.

: 2.  The reason landlords check references, credit reports, landlord-tenant court records, etc., is not so much that it is a seller's market (though it may be) but that it is next to impossible to evict a bad tenant.  Accordingly, to keep down the cost in money and time of going to court -- particularly with stabilized apartments -- we don't take gambles on people who have EVER been sued by their landlord, people who have been self-employed for less than three year, people who have been late more than once with their credit cards, people who have more than 10 credit cards, etc.


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