How To Decide On A Lease Length In Fishers

Fortunately, it’s fairly simple to decide lease length in Fishers when you consider the pros and cons of short and lengthier leases. Learn more about these leasing options and how to figure out which makes the most sense for you. 

Does A Short-Term Lease Make Sense?

Are you hesitant to agree to lengthier leases? A shorter agreement will likely work for you. These leases have a duration of one to six months. Short-term rentals of a single month are typically referred to as month-to-month contracts, since they expire and must be extended each month.

Short-term lease options offer Fishers renters the most flexibility because you aren’t under contract for an extended period of time. You could be interested in a short-term rental when in the middle of a significant life change like an unexpected job offer in a different town. One more circumstance you could benefit from a shorter rental is when you have sold your previous home but can’t move into your new one yet.

An important disadvantage to shorter contracts is that they are likely to have a higher monthly rate. Additionally, leases of six months or less are not as common, so you could get stuck in a place that isn’t the best option just to find the lease duration you require.

Leases between one to six months make sense for tenants who need an interim arrangement and have already started the process for obtaining a home or longer-lasting solution.

Do I Need A Long Lease?

A large percentage of apartment hunters trying to decide on lease length in Fishers go with long-term contracts. These options are usually between six months and a couple years and have many advantages.

Rent is usually more affordable. Long-term deals are also easier to find, so you have a greater chance of finding a location you enjoy when you’re receptive to a long lease.

The drawback to longer leases is the inflexibility. You are in agreement for a designated time frame. If your job or personal life changes abruptly, and you have to move out, you can expect to pay a steep fee.