If a friend or relative asks you to co-sign on an apartment lease, you have a big decision to make. Helping someone feels great, and may not even seem like a big deal, but you have to be careful when it comes to the commitment of legally guaranteeing another person's apartment lease. Here's what you need to know before deciding whether to add your signature.
Are you asking, "What do I need to rent an apartment?" Like a job application, an apartment application requires you to attach additional documents. Simply filling out the form with your information and a list of past apartments isn't enough for the landlord to decide whether you're reliable as a tenant. As such, he or she will ask for more items that will show that you're on top of your game.
Co-op apartments are worth knowing about, and are fairly common in major metros, including New York and D.C. Apartments within “co-ops” can sometimes be rented, so it’s worth understanding what cooperative buildings are, how they work, and what tenants might expect when looking at renting an apartment in one of them.
Though you may come prepared, there are certain circumstances or policies that may require additional information or work. There are many reasons for this, for example you may have a low credit score or not enough credit history, or you…