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How To Decide On A Lease Length In Fishers

October 27, 2020

Patio view in Fishers apartment

If you have started the search for a Fishers apartment, you have numerous questions to ponder. Where would you like to live? How much living area is right for you? What are the basic amenities you need? And of course, what length of lease would you like?

Fortunately, it’s fairly simple to decide lease length in Fishers by thinking about the pros and cons of short and lengthier leases. Learn more about these different lease choices and how to decide which makes the most sense for you. 

Fishers model living room
 

Are Shorter Leases A Better Option?

Having trouble committing to lengthier leases? A short lease will probably work for you. These leases have a duration of one to six months. Leasing agreements of 30 days are called month-to-month leases, which means they expire and must be renewed by a certain time each month.

Short leases offer Fishers renters the most flexibility as you aren’t tied down for more than a few months. You could be interested in a short lease like this if you are facing an important moment in your life like an unexpected job offer in another state. Another time you might need a short-term lease is if you’ve sold your house but the new one isn’t ready yet.

A primary downfall to monthly or short-term arrangements is that they are usually more expensive per month. On top of that, short-term leases are more difficult to find, so you might have to settle for a location that isn’t your first choice just to get the lease length you require.

Short leases make sense for people who know their living situation is temporary and have definite plans for securing long-term accommodations.

Fishers model kitchen
 

Is A Long Lease Right For Me?

Most apartment seekers trying to decide on lease length in Fishers opt for long-term contracts. These arrangements commonly run up to two years and benefit you in many ways.

Your rates are typically less expensive. Long leases are also easier to find, so you can expect to locate a location you like when you’re willing to sign a long lease.

The primary downside to longer terms is the lack of flexibility. You are in agreement for a certain number of months. If your job or personal life changes abruptly, and you need to break your lease, you can expect to pay a hefty charge.

Fishers patio view
 

What Should I Do To Decide On The Best Lease Length for Me In Fishers?

The smartest lease option for you fits your current housing needs as well as your long-term expectations. You should answer the ensuing questions to determine your needs and whether a temporary or more permanent lease is right for you:

  • What length of time do I plan to live in my apartment?

  • Can I afford higher rent for a few months?

  • Are there circumstances where I may need to move suddenly and break my lease?

  • In the unlikely scenario where I have to break a long-term agreement, can I afford the fees?

  • Does a temporary rental make sense, or is a long-term rental the right decision?

  • Can I get a short lease in Fishers?

  • Would I accept a less ideal location so I can enjoy the convenience of a short-term deal?

Find The Right Lease Length For You In Fishers

Whether you need a short-term apartment while undergoing a major life event or a spot you can live for a long time , The Flats at Switch has smart lease choices for you. Request a consultation with a friendly member of our team by placing a call to 317-597-5275 or by clicking the “schedule a tour” link.