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Rental Glossary

Pullman Kitchen vs Galley Kitchen

Most renters and buyers look at photos of the kitchen when they're reviewing online listings. If you live in a New York City apartment, you never know if you'll find a full-sized kitchen or a small kitchenette. It's important...

The Definition and Legality of Key Money

Trying to rent a home in New York City can be a hassle. You’ll need to find a borough to live in, browse through the spaces available, make sure what you’re signing is not a scam, and dread the...

Guarantor Vs. Cosigner: What You Need To Know

When you move into an apartment, you must pass certain financial requirements to show the property owner that you’ll pay your rent on time. In New York City, renters must have a yearly income of 40x their rent and...

What is Renter’s Insurance and Why Do I Need It?

Finding an apartment in New York City is a stressful and time-consuming process, and actually signing the lease takes a fair bit of effort. In between scheduling apartment showings, working with a moving company, and signing the documents, renters...

What Are Two-Up Two-Down Apartments?

Like the Manhattan Classic Six, there is a particular floorplan jargon that is extremely common in pre-war London. It's called the Two-Up, Two-Down row house. It refers to having no neighbors above and below you, but almost always neighbors...

What is Net Effective Rent?

The net effective rent is the monthly amount the tenant pays to the landlord after factoring in incentives. The term is common when searching for apartments  in New York City, especially during the off-peak winter season. This is when...