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Rental Guide
Steps to the Rental Process
1.) The most important step is to have your entire group submit their applications, supporting documents and application fee to our office before processing. The fastest way to apply is to receive an online application guest card link by emailing – info@SkyManagement.com – with the full legal names/ cell phone numbers/ email addresses for All tenants, roommates and guarantors. Each individual must submit a separate application, supporting documents and pay the $20.00 fee per applicant which is NON-REFUNDABLE. You may also submit applications in person directly to our management office along with the application fees in either cash/ money order/ certified bank check payable to “Sky Management Corp.” The application may also be downloaded from our website, picked up at our office, or requested via email by PDF. 2.) Supporting Documentation: This is a full list of the required items which must be uploaded to the online application guest card link at the time of submission/ emailed to your Leasing Agent or dropped off at our office with an in-person application submission. We may proceed to a lease signing missing a minimum of 1 item from each applicant, which would still be required to be submitted no later than (2) business days of the signing the lease.
- A) A valid photo ID (driver’s license, passport, ID card or other US Government issued ID)*mandatory per applicant prior to application processing.
- B) A copy of the most recent W2 form or tax return.
- C) A copy of your last two pay stubs.
- D) A copy of your last two bank statements (must show name and account number).
- E) A letter from your employer stating your salary, position and length of employment. This letter must be on company letterhead and signed by an officer of your company, which in most cases is either a direct supervisor, HR/ payroll person, or an owner of the company. (If you are seeking employment, you must provide an updated copy of your resume. If you are self-employed, you must provide a letter and a phone number from your CPA stating annual earnings, position, and length of professional relationship. We require both verbal and written verifications of all employment references.)
- F) A copy of your school registration, dated student ID or a bursar’s receipt if you are a student, or were a student last year. (If are currently a student or a recent graduate, tax return/ W2 may not be required).
- G) A copy of your real estate tax, school tax, water/ sewer bill, copy deed, or mortgage statement if you are a homeowner. (Please note, we only require one of these documents, not all of them).
3) This pre-approval process can take approximately 15-30 minutes after all completed applications, supporting documents and fees are received. However, if any applications or supporting documents are incomplete/ unclear or if you are missing more than 1 item per applicant, the pre-approval process may take longer. We reserve the right to verify all documents and references. 4.) Please make sure to confirm the start date and expiration date of a new lease with a Leasing Agent upon application pre-approval and prior to your lease signing. For immediate move-ins, a new lease must start within 1-7 days from the lease signing.
1.) After your applications have been pre-approved, you should make an appointment to sign the lease ASAP. Due to the quick rental market, the only way to secure an apartment is to sign the lease and put down a minimum deposit of $1,000.00 if you are able to sign in person. If you are quick to act, leases can usually be signed the same day that you apply. All payments for the lease signing deposits must be in the form of cash, money order, or certified bank check payable to “Sky Management Corp.” 2) We accept several applications on an apartment until a lease is signed. Our policy is that the first person to sign the lease is the person who will get the apartment, regardless who had their applications in first. This is up to the sole discretion of the Leasing Department. 3) At the lease signing we only accept “Good Money” such as certified check, bank check, postal check, money order and/ or cash (we accept a maximum of $1,000.00 in cash). For all other “Good Money” options, we will only accept maximum of (10) separate checks, no exceptions. After you become our tenant, we allow online payments via a tenant portal or personal checks are accepted as rent payment. All payments for any fee including rent must always be payable to “Sky Management Corp.” 4) The standard minimum move-in balance requirement on all new leases if the applicant(s) meet our financial and credit criteria is 1 month of rent in advance and 1 month of security deposit. Any pro-rated rent shall be calculated at the lease signing and shall be due the month directly following the 1st full month of rent on a new lease term.
1) We must receive full money for the apartment within (2) business days of the lease signing, less the lease signing deposit if that was paid in person during the lease signing. 2) We verify all the information on your application such as your employment and tenant history, so please make sure we have proper contact numbers on the day of your lease signing. We must receive all the required paperwork, contact phone numbers (with adequate time to verify), and full funds before you are given keys to your new apartment.
Frequently Asked Questions (FAQs)
On a daily basis, as soon as something changes we post the information immediately. To sign up for a daily email of our current and updated availabilities and access times, on the bottom right of each page on the website you may join our “SUBSCRIBE” list by entering your email address to be added to our emailing list!
We do not schedule private viewings. Please view our “Avilabilities Page” to see the individual access to each apartment listing. Most of our apartments are shown by Open Houses. You do not need to make an appointment, all Open Houses are open to the public ONLY during the scheduled times. Simply go to the designated address ONLY during the designated time and ring the bell for the available apartment or the bell marked “Super” depending on the specific access on the apartment listing. It is NOT permitted to ring other apartment bells to gain building access.
This means that the apartment is vacant, and we have keys available at our office for you to borrow and view the apartment on your own. Sky Management does not give out keys to occupied apartments. Since all of our units are “NO BROKER’S FEE” you must do most of the legwork on your own. We are open every Monday-Friday 8:30am-5:30pm. Our office is located at 226 East 54 Street, Suite 402 (between 2nd and 3rd Ave). You must bring a $20.00 cash deposit (per 3 sets of keys borrowed) and a valid photo ID or a valid broker’s license to leave at our office while you have the keys. **** Keys must be returned within (four hours) or the $20+ deposit will be forfeited, no exceptions****. If you want to borrow the keys after 3:30pm, you may keep the keys overnight and return them the following day by 11am in order to receive your deposit and ID back (the same applies for borrowing keys over the weekend. Any keys borrowed on Friday after 3:30pm must be returned by Monday at 11am : no exceptions).
Any interior photos or floor plans that we have, will be posted on our website. We do not have any square footage available. You should visit our available apartments by attending Open Houses and/ or borrowing keys if it is stated that they are available in our office. It is up to the sole discretion of the prospective Tenant(s) to determine if a space is large enough, bright enough, or quiet enough for their needs. Apartment rentals can be a very personal choice. If you are not able to gain access to the unit you are interested in, please ask a friend to view it for you or hire a broker. Since we are a “NO BROKER’S FEE” Management company, it is up to you to do all of the legwork on your own and determine if a unit is right for you.
We do occasionally have apartments available for a shorter term lease and usually in our off season (fall/ winter). Please inquire with the office whether or not the apartment you are interested in is available for a short term. In no event do we lease units month to month or for less than 90-day periods. All Sky Management apartment leases expire either 4/30, 5/31, 6/30, 7/31, 8/31 (during our leasing season). We are not interested in any month to month leases and prefer a minimum of a 1 year lease term during our leasing season. For apartments available in the non-leasing season, please inquire with the Leasing team for specific term lengths (there may be special circumstances within the building or a given month which apply to expiration dates)
Heat and hot water are included in the rental price. Cooking gas, electricity, telephone, cable, laundry, and renter’s insurance are all separate charges that the Tenant(s) are responsible to set up billing for, pay, and maintain. Tenant(s) are given a “Helpful Hints” sheet at the lease signing with coordinating contact information for these vendors.
If a unit is listed as a NOW or Immediate Move-in, this means it is a vacant apartment, wherein, the new lease must start within 1-7 days from the lease signing. It can start as quickly as the same day provided all payments are made, all paperwork has been submitted, all references have been satisfied and all original lease documents have been returned to the management office.
Yes. When filling out the Sky Management rental application, please indicate the school you are currently attending in place of your current employer. Please also specify your expected graduation date and your major. In most cases, students who are not earning an annual income will need to have qualifying Guarantors.
Tenants should be currently employed and financially sound to qualify on their own. Tenants and roommates should make a combined annual base salary income equal to or above 40x the monthly rent of the apartment they are interested in applying for. (e.g. If an apartment is $2,000.00, Tenants must earn $80,000.00 or higher to qualify.) A qualified Tenant must also have a strong United States credit history and a United States social security number. We accept a maximum of 2 Tenants as lease holders and may combine incomes between Tenants and roommates to reach the 40x the monthly rent requirement.
Yes. We will require qualifying U.S. Guarantor(s) for international citizens without United States social security numbers or US credit history. We do accept diplomats; however, we reserve the right to require waiver of diplomatic immunity for any legal proceedings that may be necessary to enforce the terms and provisions of the lease agreement.
All Tenants, Roommates, and Guarantors must fill out separate applications, pay separate application fees, and provide all the necessary paper work listed on the “Steps to the Application Process” List. We only put a maximum of 2 Tenants on a lease. All other occupants and Guarantors need to complete the Sky Management application process individually.
A Guarantor is someone who is currently living and working in the United States and agrees to be equally responsible for all of the rules, regulations, guidelines, and occupants of the lease for the entire term. A Guarantor does NOT guarantee only an individual Tenant on the lease but the terms of lease itself. If necessary, we require only 1 Guarantor, even if there are several Tenants and roommates. We may accept an alternate Guarantor or an additional one if the initial Guarantor does not qualify individually. In the event another Guarantor is needed, we accept a maximum of 2 Guarantors living and working in the United States with strong US credit history. We do not accept International Guarantors living and working outside of the United States. All required documents listed on the “Steps to the Application Process” list are expected to be submitted by all pre-approved Guarantors within 2 business days of the lease signing.
Relatives, employers, or associates who are living and working in the United States, financially sound, have good US credit, and should make an annual income equal to or above 80x the monthly rent of the apartment you are interested in applying for. (E.g. If an apartment is $2,000.00, a Guarantor must earn $160,000.00 or higher to qualify.) A Guarantor must also have a strong US credit history and a US social security number. We accept a maximum of 2 Guarantors and may combine their annual base salary incomes in order to reach the 80x the monthly rent requirement. We do not accept corporations, institutions, or businesses to serve as Guarantors. We do not accept 3rd party companies acting as Guarantors like Insurent.
If your Guarantor(s) do not make the income or credit requirements, then you must obtain alternate qualifying guarantors.
This is handled on a “Pet by Pet Basis”. If you are planning on having a pet, you MUST note this on your application including a full description of your pet (name, sex, weight, age, color, and breed) and must provide a recent photo of your pet to the Leasing Agent when you submit your application. In buildings where pets are allowed, we accept 1 pet less than 12lbs per apartment, no exceptions. All approved pets must be carried in a pet carrier at all times. No pet is permitted to walk on the common area floors or stairs. Buildings which do not allow pets are noted on each individual web listing. For your reference, the following buildings DO NOT ALLOW pets: 220-224 Sullivan Street. Should a Tenant wish to add to a pet to their lease after application approval and lease signing, additional fees and riders will be expected to be executed.
Applications can be processed and approved within the hour of submittal and in most cases are processed right away. We need all Tenant, Roommate, and Guarantor applications including all application fees paid before we can approve or not approve a complete application. It is possible to sign a lease the same day that applications are submitted.
We accept several applications on an apartment until a lease is signed. Our policy is that the first person to sign a lease, regardless of who had their applications in first gets the apartment.
After you are approved, you should make an appointment to sign the lease ASAP. Due to the quick rental market, the only way to secure an apartment is to sign the lease and put down a minimum NON-REFUNDABLE deposit of $1,000.00 payable in the form of cash/money order/ or certified bank check payable to “Sky Management Corp”. If you are quick to act, leases can usually be signed the same day that you apply.
At the lease signing we ONLY accept “Immediately-Collectible Money” such as certified check, bank check, cashier’s check, postal check, money order and/or cash (maximum of $1,000.00 is accepted in cash). We accept a maximum of 10 separate certified/ bank/ postal checks or money orders, no exceptions. After you have moved in and have paid your entire new lease rent/ security deposit balance, personal checks are accepted, but NOT before.
The standard security deposit is 1 month of rent. All security deposits are held in an interest bearing account for the duration of the lease (and throughout all renewals of the lease). Provided that there is no damage to the apartment, the rent and any balances are paid in full, and the Tenant(s) has followed the rules, regulations, and guidelines of the lease for the entire term, the deposit will be refunded at the end of the term in accordance with the lease.
We verify all the information on your application such as past and current employers and your Tenant history. We must receive all the required paper work and all working contact phone numbers for your references with adequate time to verify before you are given keys to your new apartment.
No, we do not use any pay-per-use service to verify current or previous employment. We require both a verbal and written form of verification for references. If your company will not complete a verbal verification over the phone, you must request a verification to be faxed to our office in addition to your signed letter of employment stating your position, salary, and dates of employment. All letters of employment must be on company letterhead, signed, and dated by an officer of your company. Please provide your human resources department contact phone number on your application if your supervisor cannot verify employment over the phone.
We do not allow temporary or pressurized walls in our units. We do allow shares and roommates. Often creative room dividing curtains, furniture, or decorative screens can easily accommodate multiple occupants.
No, they are not. We provide and maintain the bottom doorknob lock ONLY. The top lock or any additional locking mechanisms are the Tenant(s) responsibility to install and maintain. It is also the Tenant(s) responsibility to provide the Management office with a full working set of keys within 2 weeks of move-in for emergencies, repairs, inspections, and future re-rental.
Yes, we do allow Tenant(s) to paint the drywall only in their apartment. It is the Tenant(s) responsibility to paint the apartment back to white before the end of the lease term. Tenant(s) are not permitted to shellac, stain, texturize, or wall paper the dry wall, molding, trim-work, doors, closets, cabinetry, tile, or any flooring.
Yes, per the lease rider we will repaint the apartment walls white within 72 hours of the new lease start date. Tenants will be allowed to pick-up keys on the lease start date provided that the entire leasing process has been completed. All paperwork, balances and reference contacts must be submitted with adequate time to verify prior to the lease start date. If all paperwork, balances, and references have not be submitted and verified prior to the lease start date, Tenant(s) may not pick-up keys and move-in; however, Tenant(s) will still be held responsible and will be paying rent as of the lease start date. It is our goal to have the apartment cleaned and repainted prior to Tenant(s) move-in; however, it is not always possible. If this happens, please keep all personal items and furniture away from the walls so that our contractors may paint around you.
At the lease signing, all Tenant(s) and roommates are provided with the contact information for their new designated Management Contact. Please call your Management Contact (one week) before your lease start date and coordinate when and where you will pick-up your new apartment keys. In most cases you will either come to the Sky Management office or meet your Superintendent at the building to obtain keys. Please inquire about move-in rules, terms, or regulations for your building with your Management Contact.
Once you have your keys, you are free to move-in at your leisure during all (seven days) of the week. We ask that all new and current Tenant(s) be respectful of your neighbors and move during reasonable hours between 7:00am and 10:00pm.