Category: Rentals

The real estate listings of major cities, like New York (NY), are flooded with the term Pied-à-Terre. It is certainly a fancy word that attracts the most buyers, but many fail to understand what Pied-à-Terre actually is. This article will help you understand the meaning of Pied-à-Terre, specifically, in New York’s real estate and why you should consider it?

Literal Meaning of Pied-à-Terre- It is a French word that means “foot on the ground.”

What is Pied-à-Terre In New York?

In real estate, the term Pied-à-Terre refers to an apartment that is the owner’s second home, which he uses temporarily. It is not a vocational home but a home in a city where the owner spends his time frequently. A professor at NYU Wagner, Martha Stark, analyzed the data on the city’s Pied-à-Terre. According to her analysis, the Pied-à-Terre is a property that is not owned in an individual’s name. New York is a famous city where the wealthy park the money; however, Pied-à-Terre is not just for the wealthy class. It is a popular purchase for empty-nester buyers, international buyers, and buyers who work in the city for a few days or weeks.

Why should you consider a Pied-à-Terre in New York City?

There are many reasons to buy a Pied-à-Terre in a city like New York. It serves purposes ranging from leisure to business. Some buyers have a family or a college-going child in the premier city, so they can buy a Pied-à-Terre for their convenient stay, close to their family or child. International buyers often look for a comfortable place where they can stay, relax, and work when they visit the city again and again. Thus, a Pied-à-Terre saves their money and time, which they spend to find comfortable places in the city.

Additionally, as an inhabitant of a city like New York, the preferable thing is “Location”. Many people just buy the Pied-à-Terre to cut down the long distance between their workplace and primary home. Then there are those buyers who love Weekend Theater, shopping, dining, and parties but avoid long-distance traveling at the end of the day. Although the luxurious Pied-à-Terre sounds costly, it does not cost you a tight seven-figure amount.

Furthermore, a Pied-à-Terre comes with many attractive amenities, like a building staff member who looks after your place in your absence, privacy, work-from-home space, fitness center, spa, lounges, relaxing city’s view, great location, pet allowances, rooftop clubs, and more.

Renting a Pied-à-Terre

It is not in everyone’s range to own a Pied-à-Terre; thus, renting a Pied-à-Terre is a good option for them. Even renting a Pied-à-Terre comes with different advantages; you do not need to worry about the down payment, maintenance expense, and other taxes. But not all the buildings in New York City allow short-term rentals. Your real estate agent can guide you better in this matter.
If it sounds good to you and you’re looking for a comfortable space with a luxurious environment, the Pied-à-Terre is something to consider while choosing a place.

For a lot of people living in New York, subleasing was their first housing option. Short-term rental housing is a popular option in this city. If you will be away for a couple of months or more, subletting your apartment might be a great way to have someone looking after it while you are away while making some extra money.

Before listing your home for potential sub-lessees, there are a few considerations you need to make. Read on to learn how to sublease a property in New York City.

Building Rules on Subletting Your Apartment (Post Covid)

Although you have the right to sublet your apartment, you will need approval from your landlord. Approval is gotten by sending out a certified mail with a return- receipt requested, to your landlord once you find a lessee. This request must carry your personal information, that of the potential lessee, the reason for the sublease, intention to return to the unit, a copy of the sublet terms, and any other details relating to the sublease agreement.

Subletting an apartment is a simple process in New York City but you will also have to follow some simple rules like the regular heating laws as landlords.

30 Days Reception of Proposal

Your landlord is required to reply within 30 days of reception of the proposal. In case of denial of consent to sublease, the landlord must put forward valuable arguments as to reasons for refusal.

When you have a roommate, they must agree with your decision. It must be stated in writing as part of the subletting agreement.

Getting Your Apartment Ready to Sublease.

Make sure you leave the apartment clean for the new user. Take away all your valuables and fragile objects. You need to make sure all the amenities mentioned in the agreement are available before vacating the premise.

Always plan for emergencies and let someone else have a spare key to take care of unforeseen issues while you are away. Also, leave your contact information for your tenant to be able to reach you in case of any inquiry.

People’s rights and democratic freedoms are topics that are on the lips of almost everyone in the 21^st century. They range from basic fundamental rights like the right to play to more advanced ones like tenant rights. New movements and protests spring up ever so often to ensure the preservation of individual rights. The goal is to live in a comfortable environment and grants you access to what you deserve. Nobody likes knowing another person has infringed their rights for any reason, tenants inclusive. Therefore, landlords have to make life pleasant for their tenants by ensuring they are safe and comfortable. In this article, we’ll discuss Manhattan tenant rights.

Pest Control

Pests and vermins are such a nuisance to tenants. They ruin clothing, destroy documents, worsen tenant’s health conditions, and spread diseases.

Manhattan tenants have a right to live in a vermin and pest-free environment. Landlords have to ensure they do not breach this right. Landlords ought to fix all leaks, cracks and have an excellent way of containing garbage.

They ought to work only with pest control professionals licensed by the NY State Department of Environmental Conservation. Their job is to inspect the property, identify where pests and vermins hide and use pesticides that are not poisonous to humans to eradicate the pests. They also have to do regular follow up to see that the vermins have not returned to create new breeding grounds.

Tenant Safety

• To keep children below six years safe, landlords have to hire professionals to reduce lead-based painting hazards. This rule applies to buildings constructed before 1960 and those that have lead paint.
• Manhattan tenants have the right to request window guards in writing, after which landlords must install them.
• Tenants have the right to remove double cylinder locks from apartment entrance doors since they are illegal and unsafe.
• Tenants have the right to request stove knob holders.
• Landlords must install smoke detectors in every apartment. Also, they have to install carbon monoxide detectors a few feet away from the main entrance of every bedroom. The carbon monoxide detector must have an alarm that signifies when it is almost out of use. Furthermore, they have to give tenants a manual to let them know how the carbon monoxide detector functions and maintenance.

Tenant Heating

• Tenants have a right to constant hot water supply all year round. Hence, landlords have to make sure it is always available.
• Landlords have to provide Manhattan tenants with heat from October to May regardless of what temperature it is outside. However, they are only obliged to do so from 10 pm to 6 am daily.

Additionally, tenants have the right to privacy, and landlords can only enter their apartments with their consent. They also have a right to join or form tenant organizations to protect and promote their rights. Disabled tenants have the right to request modifications that will ease their discomfort. However, this will be at their expense.

Call 311 to report right violations to the NYC Department of Housing Preservation and Development (HPD).

People’s rights and democratic freedoms are topics that are on the lips of almost everyone in the 21st century. They range from basic fundamental rights like the right to play to more advanced ones like tenant rights. New movements and protests spring up ever so often to ensure the preservation of individual rights. The goal is to live in a comfortable environment and grants you access to what you deserve. Nobody likes knowing another person has infringed their rights for any reason, tenants inclusive. Therefore, landlords have to make life pleasant for their tenants by ensuring they are safe and comfortable. In this article, we’ll discuss Manhattan tenant rights.

Pest Control

Pests and vermins are such a nuisance to tenants. They ruin clothing, destroy documents, worsen tenant’s health conditions, and spread diseases.

Manhattan tenants have a right to live in a vermin and pest-free environment. Landlords have to ensure they do not breach this right. Landlords ought to fix all leaks, cracks and have an excellent way of containing garbage.

They ought to work only with pest control professionals licensed by the NY State Department of Environmental Conservation. Their job is to inspect the property, identify where pests and vermins hide, and use pesticides that are not poisonous to humans to eradicate the pests. They also have to do regular follow up to see that the vermins have not returned to create new breeding grounds.

Safety

• To keep children below six years safe, landlords have to hire professionals to reduce lead-based painting hazards. This rule applies to buildings constructed before 1960 and those that have lead paint.
• Manhattan tenants have the right to request window guards in writing, after which landlords must install them.
• Tenants have the right to remove double cylinder locks from apartment entrance doors since they are illegal and unsafe.
• Tenants have the right to request stove knob holders.
• Landlords must install smoke detectors in every apartment. Also, they have to install carbon monoxide detectors a few feet away from the main entrance of every bedroom. The carbon monoxide detector must have an alarm that signifies when it is almost out of use. Furthermore, they have to give tenants a manual to let them know how the carbon monoxide detector functions and maintenance.

Heating

• Tenants have a right to constant hot water supply all year round. Hence, landlords have to make sure it is always available.
• Landlords have to provide Manhattan tenants with heat from October to May regardless of what temperature it is outside. However, they are only obliged to do so from 10 pm to 6 am daily.

Additionally, tenants have the right to privacy, and landlords can only enter their apartments with their consent. They also have a right to join or form tenant organizations to protect and promote their rights. Disabled tenants have the right to request modifications that will ease their discomfort. However, this will be at their expense.

Call 311 to report right violations to the NYC Department of Housing Preservation and Development (HPD).

If you are a New York City resident, you probably already know that excellent credit history is required when applying for most city apartments.  It maximizes your chances of getting the right apartment for you and your family.

What if you don’t have credit? This could be because of several reasons. You may never have possessed a credit card for personal reasons. You could also be a student, a recent graduate, or a foreigner. Fortunately, your lack of credit can’t stop you from landing your dream apartment in NYC.

Below are a few things you can do to get a no credit check apartment in NYC.

Finding a Guarantor for Your Apartment

This is one of the things you should do when you don’t have a credit check and still need one of NYC’s classy apartments. Getting a guarantor assures your landlord/landlady that they will get paid even if it’s not by you. Your rental guarantor could be a parent, relative, or close friend, and they must cosign the rental apartment agreement. They must also meet the qualifications set by your landlady/landlord. In most cases, they are required to earn at least eighty times your monthly rent.

If you are a foreigner, ensure that your guarantor is a New York City resident. NYC landlords/landladies don’t accept foreign-based guarantors.

References

To land a no credit check apartment in NYC, you could also ask your previous landlords to write reference letters for you; they should preferably be located within New York City. With them, the apartment owner might be willing to let you rent their property. Each reference letter should state that you always paid your rent in full and on time, even though you don’t have credit. It could also emphasize your other great traits, such as reliability.

Attach the reference letters to your cover letter. In the latter, you could explain your current credit situation. Additionally, state what you do and why you are confident that you can afford the apartment you are applying for.

Work With a Broker

A trusted real estate broker in NYC may also help you get a no check apartment situated in the city. They can advocate for you and tell the landlords they know that you deserve their vacant rental apartment despite your lack of credit. You should be comfortable with your broker. This allows you to explain your current situation with ease since they might be hesitant to vouch for you if they don’t know what you’re going through. It’s best to pick a broker who focuses on the NYC neighborhood you wish to live in. They know the landlords who accept clients without credit, and they’ll point you in their direction.

NYC is a great place to live. You can still get an apartment you like without credit, but you have to be smart when looking for it. The tips above should serve as a guide to those looking to rent their dream apartments without credit. However, it would be best if you carried out extra research to avoid embarrassment.

New York City is the US’ most populous city. It is famous for its state-of-the-art facilities, excellent infrastructure, diversity, and beautiful neighborhoods. Undoubtedly, this city is a fantastic place for renters. If you’re looking for a rental apartment in NYC, consider the best ones available in the city’s five boroughs.  Here we will discuss the highest rent neighborhood in NYC.

Renting in NYC’s most expensive neighborhoods is definitely an upgrade every affluent individual should consider. Of course, you have to determine the amenities and services you need. This helps you to narrow down the perfect apartments for you.

To make the right call, you should know the most costly NYC neighborhoods for luxury renters. Below are some that you could take into account.

Union Square, Manhattan

The median rent in Union Square is around $4,637, making it ideal for renters looking for houses in the most expensive NYC neighborhoods. There are several posh shopping locations in the area; you’ll have plenty of options whenever you are looking to buy gifts, clothes, foodstuff, or household items. Another alluring thing about Union Square is the year-round greenmarket that gives luxurious apartment renters the chance to sample local farmers’ produce.

Williamsburg, Brooklyn

Williamsburg’s median rent is about $3,500. If you crave a somewhat dense suburban feel, this neighborhood is for you. The public schools in the region are some of the top-rated ones in NYC. The fancy restaurants, bars, and coffee shops here are countless. There is also a long list of parks you can visit whenever you need to relax or hold picnics with family and friends. Easy accessibility is another thing that makes Williamsburg convenient for renters. Feel free to use the L train, the East River Ferry Service, Uber or Lyft, and personal cars or bikes for transport to different parts of Brooklyn or within the neighborhood.

Long Island City, Queens

This affluent neighborhood, whose median rent is approximately $3,270, welcomes luxuriant apartment renters all year round. It boasts an ever-developing art community and fascinating nightlife. The neighborhood is also home to magnificent waterfront parks and museums. Hence, you’ll never run out of exciting places to visit while living in your classy rental house.

Additionally, the transport system in Long Island City is pretty impressive. There are eight subway lines, countless bus routes, a few Citi Bike stations, and two NYC Ferry stops.

Riverdale, Bronx

Riverdale (Median rent – $2,295) ranks high with regards to the most expensive and beautiful NYC neighborhoods. It is ideal for renters looking to live a quiet life near NYC’s most urban regions. This attractive quasi-suburban enclave offers scenic jogging trails, elegant eateries, and picturesque parks. Safety is another thing that draws renters to Riverdale. Also, the neighborhood hosts top-notch educational facilities. When you secure an elegant rental apartment in this neighborhood, you’ll also get the chance to view some pretty famous mansions such as Greyston, Stonehurst, and Alderbrook.

As seen above, you have many options when looking for luxury apartments in NYC’s most expensive neighborhoods. Note that the four provided in this article are our top picks as there are numerous luxurious neighborhoods in New York City. It would be best if you took explored the other neighborhoods and widen the scope of your search. This will undoubtedly help you land a fantastic apartment that’s worth your money.