BEDFORD & DEAN

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Approval Process

In Brooklyn, where real estate moves at an extremely fast pace, you do not want to delay your application process.

Here is everything you will need to submit to be approved:

  • Completed application
  • Proof of Income in the form of your 3 most recent pay stubs – this should prove that your (combined) yearly income is 40 times your rent
  • 3 most recent bank statements
  • Photo I.D. – state I.D., driver’s license, or passport
  • Most recent W-2 form or tax return
  • Letter of employment with your start date and annual salary
  • A deposit for one month’s rent in the form of cash, cashier’s check, or money order (No personal checks)
  • A $20 application fee to cover the credit check and the paperwork processing

For an applicant with a credit score lower than 680, such as a student or someone who recently started a new job, a guarantor is your best option. The guarantor will need to provide the paperwork to prove an annual income of 80 times the rent and a 700+ credit score in order to guarantee the lease.

Here is a list of documents for the guarantor to provide:

  • Photo I.D. – state I.D., driver’s license, or passport
  • Proof of current income – Pay Stubs
  • Most recent W-2 form or tax return
  • Bank statements of most recent checking and savings accounts
  • A notarized form guaranteeing the lease (we will provide that)
  • A $20 fee to cover credit check and paperwork processing

If you have any questions regarding paperwork requirements, please feel free to contact one of our agents. We are happy to walk you through the process and answer any questions you have.

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Disclaimer

All data is deemed reliable but is not guaranteed accurate by the RLS or Bedford and Dean, LLC. See Terms of Service for additional restrictions. All information regarding a property for sale, rental, taxes or financing is from sources deemed reliable. No representation is made as to the accuracy thereof, and such information is subject to errors, omission, change of price, rental, commission, prior sale, lease or financing, or withdrawal without notice. All square footage and dimensions are approximate. Exact dimensions can be obtained by retaining the services of a professional architect or engineer. The number of bedrooms listed above is not a legal conclusion. Each person should consult with his/her own attorney, architect or zoning expert to make a determination as to the number of rooms in the unit that may be legally used as a bedroom.