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A J.C. Hart Apartment Community in Greenwood, IN

How To Decide On A Lease Length In Greenwood

October 27, 2020

Patio view in Greenwood apartment

If you’re searching for a Greenwood apartment, you have many decisions to make. In what area do you wish to move to? How much space do you need? What amenities do you require? And most importantly, how long of a lease would you like?

Fortunately, it’s easy to decide lease length in Greenwood by considering the advantages and disadvantages of short-term and long-term leases. Keep reading to learn about these different lease choices and how to determine which is right for you. 

Greenwood model living room

Does A Short-Term Lease Make Sense?

Having trouble committing to a longer lease duration? A shorter agreement will likely be the smarter choice for you. These options are for six months or less. Short-term rentals of a single month are commonly described as month-to-month contracts, since they expire and need to be renewed every month.

Short-term lease options offer Greenwood Residents the most flexibility because you aren’t committed for more than a few months. You probably need a short-term rental like this when faced with an important moment in your life like an unexpected job offer in a new city. Another time 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 short leases is that they are usually more expensive per month. Additionally, leases of six months or less are not as common, so you might end up in an apartment that isn’t your first choice just to get the lease length you desire.

Short leases work best for Residents who seek a temporary residence and have already started the process for securing a more permanent residence.

Greenwood model kitchen

Do I Need A Long Lease?

Many people who are trying to decide on lease length in Greenwood go with longer terms. These options commonly run up to two years and benefit you in many ways.

Your monthly payments are likely to be more budget friendly. Long-term deals are also more commonplace, so you’re more likely to find a place you prefer when you’re receptive to long-term leases.

The primary downside to a long lease is the inflexibility. You signed the lease for a certain number of months. If your plans change, and you need to leave before the agreed-upon date, you can expect to be faced with a hefty charge.

Greenwood patio view

How Do I Decide On The Right Lease Length for Me In Greenwood?

The right lease term for you fits your current housing needs as well as your long-term expectations. Ask yourself the following questions to consider your exact situation and whether a short-term or long-term lease is right for you:

  • How many months do I want to stay in my apartment?

  • Can I afford higher rent for a shorter lease?

  • Can I think of any reason why I could need to move suddenly and cut the lease short?

  • In the unlikely scenario where I have to break a long lease, can I pay the extra costs?

  • Do I need a rental for a couple of months, or am I better off with a more permanent solution?

  • What are the chances I will acquire a month-to-month or short-term lease in Greenwood?

  • Would I take something that isn’t my first choice in order to have the convenience of a short lease?

Get The Best Lease Length For You In Greenwood

Whether you need somewhere to stay while dealing with an important life moment or a location you plan to live at for years , Bayshore Apartments has the right lease for you. Request a consultation with a knowledgeable leasing agent by calling 317-886-1849 or by clicking the “schedule a tour” button.