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<p>[QUOTE=&quot;DonnaML, post: 8214112, member: 110350&quot;]I have seen many New York City leases; none had a provision about maximum rent vs. income. It&#039;s usually calculated the opposite way, as minimum salary required for a given rent, but it isn&#039;t put in the lease. Landlords here generally require proof of an annual salary of a minimum of 40x monthly rent -- which equals a bit more than 3 times annual rent, I believe -- before they&#039;ll even consider renting to you. Which creates a big problem for people who are unemployed, or even retired, and living on savings. No matter how substantial their savings may be. I was unemployed when I first rented my current apartment seven years ago, and had to pay a year&#039;s rent in advance, plus a broker&#039;s fee and security deposit totaling an additional three months of rent, in order to get the landlord to agree to let me have it.[/QUOTE]</p><p><br /></p>

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