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How to Decide on a Lease Length in Fishers

If you have started the search for a Fishers apartment, you have a multitude of choices to consider. Where would you like to live? How much living area would you like? What features are you looking for? And of course, how long of a lease do you want?

Luckily, it’s not difficult to decide lease length in Fishers by thinking about the advantages and disadvantages of short and lengthier leases. Here is what you should know 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 longer lease duration? A short lease will probably be the smarter choice for you. These leases have a duration of six months or less. Short leases of one month are typically referred to as month-to-month contracts, which means they expire and have to be extended every month.

Shorter agreements offer Fishers Residents plenty of freedom because you aren’t committed for more than a few months. You might want a short-term rental like this if you are facing an important moment in your life like starting a job in another state. One more circumstance you could benefit from a short-term lease is when you have sold your residence but can’t move into your new one yet.

The biggest drawback to monthly or short-term arrangements is that they typically cost more. On top of that, short-term leases are more difficult to find, so you might have to settle for an apartment that isn’t your first choice 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

Is a Long Lease Right for Me?

Most apartment seekers trying to decide on lease length in Fishers go with long-term contracts. These arrangements typically last six months to two years and have many advantages.

Your rates are typically less expensive. Longer lease terms are also more commonplace, so you’re more likely to find an apartment you like when you’re willing to sign longer leases.

The primary downside to longer leases is the inflexibility. You signed the lease for a certain number of months. If your job or personal life changes abruptly, and you have to move out, 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. Ask yourself the following questions to identify your needs and whether a temporary or more permanent lease is right for you:

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

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

  • Is there any reason I could need to relocate quickly and break my lease?

  • In the event I was 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?

  • Am I willing to live somewhere I don’t love in order to have the flexibility of a shorter lease agreement?

Find the Right Lease Length for You in Fishers

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