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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. In what neighborhood would you like to reside? How much living area do you need? What amenities do you require? And of course, how long of a lease do you want?

Fortunately, it’s easy to decide lease length in Fishers by thinking about the pros and cons of short and lengthier leases. Here is what you should know about these leasing options and how to decide which is right for you. 

Fishers model living room

Are Shorter Leases A Better Option?

Are you hesitant to agree to a longer lease duration? A short lease will probably work for you. These leases have a duration of one to six months. Leasing agreements of a single month are called month-to-month contracts, since they expire and must be extended every month.

Shorter agreements offer Fishers renters plenty of freedom as you aren’t tied down for an extended period of time. You probably need a short lease when faced with a significant life change like an unexpected job offer in a different town. Another time you could require a short lease is when you already sold your house but the new one isn’t ready yet.

The biggest drawback to short leases is that they are likely to have a higher monthly rate. Additionally, shorter lease deals are more difficult to find, so you could get stuck in a location that isn’t the best option just to find the lease duration you want.

Leases between one to six months make sense for people who know their living situation is temporary and have definite plans for securing a more permanent residence.

Fishers model kitchen

Do I Need A Long Lease?

Many people who are trying to decide on lease length in Fishers go with longer terms. Long leases are usually up to two years and have many advantages.

Your monthly payments are likely to be more budget friendly. Long leases are also more commonplace, so you’re more likely to find an apartment you prefer when you’re willing to sign longer leases.

The primary downside to a long lease is the firm commitment. You are in agreement for a certain number of months. When life takes an unexpected turn, and you need to break your lease, you can expect to pay a steep fee.

Fishers patio view

How Can I Decide On The Most Sensible 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 following questions to identify your needs and whether a short lease or long lease is right for you:

  • What length of time 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 could need to leave on little notice and terminate the agreement?

  • In the event I was to break a long-term agreement, can I pay the extra costs?

  • Do I need a place to stay temporarily, or is a long-term rental the right decision?

  • Can I acquire a month-to-month or short-term lease in Fishers?

  • Am I willing to live somewhere I don’t love just for the flexibility of a short lease?

Find The Right Lease Length For You In Fishers

Whether you are looking for somewhere to stay while dealing with an important life moment or a place to settle down and call home , Pullman Pointe Apartments has smart lease choices for you. Request a consultation with a friendly member of our team by dialing (765) 534-2129 or by using the “schedule a tour” link.