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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 a multitude of choices to consider. Where would you like to reside? How much living area do you need? What features are you looking for? And of course, what length of lease are you looking for?

Thankfully, it’s easy to decide lease length in Fishers by thinking about the advantages and disadvantages of short and lengthier leases. Keep reading to learn about these different lease choices and how to determine which is right for you. 

Fishers model living room
 

Are Shorter Leases A Better Option?

Not sure you want to commit to a long lease? A short lease will probably be the smarter choice for you. These leases have a duration of fewer than six months. Short leases of a single month are called month-to-month contracts, meaning they expire and have to be extended each month.

Shorter agreements offer Fishers Residents plenty of freedom because you aren’t committed for an extended period of time. You could be interested in a short-term rental like this if you are facing an important moment in your life like beginning a new job in another state. One more circumstance you could benefit from a short lease is if you’ve sold your residence but can’t move into your new one yet.

The biggest drawback to monthly or short-term arrangements is that they are usually more expensive per month. On top of that, shorter lease deals are more difficult to find, so you might have to settle for an apartment that isn’t ideal just to enjoy the lease terms you desire.

Short-term options are smart for tenants who need an interim arrangement and have definite plans for securing a more permanent residence.

Fishers model kitchen
 

Do I Need A Long Lease?

Most apartment seekers trying to decide on lease length in Fishers go with long-term contracts. These arrangements commonly run six months to two years and have a range of benefits.

Your rates are usually more affordable. Longer lease terms are also easier to find, so you have a greater chance of finding a place you enjoy when you’re open to signing a long lease.

The primary downside to longer leases is the inflexibility. 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
 

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

The best lease length for you accommodates your current situation as well as your long-term expectations. Consider these questions to consider your exact situation and whether a temporary or more permanent lease is right for you:

  • How long do I plan to live in my apartment?

  • How much can I afford for a few months?

  • Can I think of any reason why I could need to move suddenly and break my lease?

  • If I need to cut a longer lease short, can I pay the extra costs?

  • Do I need a rental for a couple of months, or is a long-term rental the right decision?

  • What are the chances I will get a temporary lease in Fishers?

  • Would I accept a less ideal location in order to have the flexibility of a shorter lease agreement?

Find The Right Lease Length For You In Fishers

Whether you need a short-term apartment while dealing with an important life moment or a location you plan to live at for years , Spark Apartments has the right lease for you. Schedule an appointment with one of our leasing specialists by dialing (463) 210-1702 or by using the “schedule a tour” button.