Lease on Apartments

[Kateybot 3]

My husband and I will be moving to the US early next year and will be looking for both jobs and an apartment. Is it pretty standard for landlords to require you to have a source of income (i.e. a job) BEFORE you can sign a lease? Or are there some exceptions (i.e. banks statement showing sufficient funds for X amount of months, etc)?

 

We have looked briefly into taking over leases, but again, unsure about the job requirement?

[NikLR 13,227]

Generally need a job, but if you have sufficient assets to pay for up to 6 months some may be okay with no job.  

[Khallaf 650]

16 minutes ago, Kateybot said:

My husband and I will be moving to the US early next year and will be looking for both jobs and an apartment. Is it pretty standard for landlords to require you to have a source of income (i.e. a job) BEFORE you can sign a lease? Or are there some exceptions (i.e. banks statement showing sufficient funds for X amount of months, etc)?

 

We have looked briefly into taking over leases, but again, unsure about the job requirement?

do you know yet which state you are looking to get into?

[Kateybot 3]

18 minutes ago, Khallaf said:

do you know yet which state you are looking to get into?

Colorado - I imagine it will be different from state to state....

[Khallaf 650]

1 minute ago, Kateybot said:

Colorado - I imagine it will be different from state to state....

yes of course and I different in price as well.

 

I will send you a message

Edited November 30, 2018 by Khallaf

[Ben&Zian 4,398]

The average apartment application I've seen says income 3x the rental cost monthly is required... but there are always exceptions. It definately will vary complex to complex and management company to management company.

[Jeanne Adil 1,651]

depends on quality of apartment

most good ones need security,  1st and last months rent

and a job or steady income from other source like retirement

[Crazy Cat 41,981]

When I moved to an apartment here in Texas in 2016, I was required to show monthly income of 3 times the monthly rent.......but it is not "set in stone" Each landlord or management company has their own rules.....

[Chris Duffy 1,257]

Just depends on where you stay and quality of apartment

 

I know guys who live up to 8 guys in a two bedroom apartment all bills paid, all they care about is getting the rent each month. I think each pay about 125 per month and rent and water and electricity is paid for.

[databit 328]

If you can find an apartment, be prepared to live there throughout the length of the lease. Things have really changed in the last few years, and anyone who breaks a lease essentially becomes "blacklisted" from renting another apartment, as owing money (the remainder of rent for the rest of the lease) goes to your credit report, which good landlords check. 

 

Which is why you need to rent a place that isn't borderline bad. Colorado rents are getting sky high, so prepare yourselves!

[NikLR 13,227]

On 11/30/2018 at 6:39 AM, Kateybot said:

Colorado - I imagine it will be different from state to state....

Oh lord, depending on where you plan on living, any decent place will need a job, likely a year long lease, good credit, and be at least 1200 a month plus utilities.  

 

Colorado springs is cheaper than the Denver area btw and likely more lenient if you want to start there! Or smaller towns. 

Edited December 2, 2018 by NikLR