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How to Decide on a Lease Length in Indianapolis

If you’re searching for a Indianapolis apartment, you have numerous questions to ponder. Where would you like to move to? How much square footage is right for you? What are the basic amenities you need? And don’t forget, what length of lease do you want?

Fortunately, it’s easy to decide lease length in Indianapolis by considering the positives and downsides of short and lengthier leases. Keep reading to learn about these different lease choices and how to determine which is best for you.

Indianapolis model living room

Is a Short Lease Best for Me?

Not sure you want to commit to a long lease? A shorter agreement might be the smarter choice for you. These leases have a duration of six months or less. Leasing agreements of a single month are called month-to-month contracts, which means they run out and need to be renewed each month.

Short leases offer Indianapolis renters plenty of freedom because you aren’t under contract for very long. You probably need a short-term rental like this when in the middle of a major change in your life like an unexpected job offer in a new city. One more circumstance you might need a shorter rental is when you have sold your previous home but the new home is still being finalized.

A primary downfall to short leases is that they typically cost more. In addition, short-term leases are not as common, so you might have to settle for a location that isn’t your first choice just to get the lease length you desire.

Short-term options are smart for Residents who seek a temporary residence and have definite plans for obtaining a home or longer-lasting solution.

Indianapolis model kitchen

Should I Choose a Longer Lease?

Most apartment seekers trying to decide on lease length in Indianapolis opt for a long lease. These arrangements typically last six months to two years and have a range of benefits.

Rent is usually more affordable. Long-term deals are also frequently available, so you can expect to locate an apartment you prefer when you’re receptive to a long lease.

The main disadvantage 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 need to leave before the agreed-upon date, you will probably need to pay a steep fee.

Indianapolis patio view

How Do I Decide on the Right Lease Length for Me in Indianapolis?

The right lease term for you accommodates your current situation as well as your long-term expectations. You should answer the following questions to identify your needs and whether a short-term or long-term lease is right for you:

  • How many months do I expect to reside in my apartment?

  • How much can I afford for a few months?

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

  • In the unlikely scenario where I have to break a long lease, can I handle the additional charges?

  • 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 acquire a short lease in Indianapolis?

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

Get the Best Lease Length for You in Indianapolis

Whether you need a temporary rental while dealing with an important life moment or a spot you can live for a long time , Linden Square Village Apartments has ideal lease options for you. Schedule an appointment with one of our leasing specialists by dialing 317-333-6914 or by using the “schedule a tour” button.
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