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How To Decide On A Lease Length In Fishers

October 27, 2020

Patio view in Fishers apartment

If you’re searching for a Fishers apartment, you have many decisions to make. In what area do you wish to reside? How much square footage do you need? What features are you looking for? And don’t forget, what lease duration do you want?

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. 

Fishers model living room
 

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.

Fishers model kitchen
 

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.

Fishers patio view
 

How Do I Decide On The Best Lease Length for Me In Fishers?

The smartest lease option for you accommodates your current situation as well as your housing demands in the future. Consider the ensuing questions to determine your needs and whether a short lease or long lease works best for you:

  • How long do I expect to reside in my apartment?

  • Can I afford higher rent for a short-term rental?

  • Can I think of any reason why I might have to leave on little notice and terminate the agreement?

  • In the event I was to cut a longer lease short, can I pay the extra costs?

  • Does a temporary rental make sense, or am I looking for a place to settle down?

  • Can I acquire a short lease in Fishers?

  • Would I take something that isn’t my first choice just for the benefits of a short-term deal?

Get The Best Lease Length For You In Fishers

Whether you are looking for a temporary rental while dealing with an important life moment or a location you plan to live at for years , State at Fishers has ideal lease options for you. Schedule an appointment with a friendly member of our team by calling 463-240-1709 or by using the “schedule a tour” button.