How To Apply
Visit our on-site Leasing Offices in most of our Properties. AD Real Estate Investors, Inc. agents will be delighted to give you a |
|
|
What income do I need to qualify?
Tenants are required to have an annual income equal to 40 times the monthly rent. Ex. If the rent is $1,000 a month, an applicant must document no less then $40,000 (40 x $1,000). If the apartment is to be shared, the sum of all applicants income will be considered.
Can I use a guarantor?
Yes, guarantors must document annual income equal to 80 times the monthly rent. Guarantors must be from the tri-state area.
How much is the security deposit?
One monthly rent is the standard deposit. Additional security may be required under certain circumstances.
Will I earn interest?
Security deposits will earn interest subject to bank regulations. If you fulfill all the terms of your lease, the interest will be refunded minus a 1% administrative fee the owner is entitled to.
|
How long does it take to process an application?
An application can be approved and processed within a few hours providing the applicant has the required documentation.
What documentation is required?
- A completed AD Real Estate Investors, Inc. application- Depending upon building location, a $75 check for each applicant and guarantor payable to AD Real Estate Investors, Inc. - A copy of a recent bank statement - A copy of photo ID - An employment verification letter, or three consecutive pay stubs - A landlord reference letter In some cases, Income Tax returns may be requested
What checks do I need at the lease signing?
Upon lease signing, you will need certified or bank checks for the first monthly rent and the required security deposit.
|