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How to Decide on a Lease Length in Greenwood

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 square footage do you need? What amenities do you require? And don’t forget, what length of lease would you like?

Fortunately, it’s not difficult to decide lease length in Greenwood by considering the advantages and disadvantages of short-term and long-term leases. Here is what you should know 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 long lease? A shorter agreement might 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 each month.

Shorter agreements offer Greenwood Residents plenty of freedom because you aren’t tied down 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. An additional situation 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. In addition, leases of six months or less are not as common, so you could get stuck in a location that isn’t your first choice just to enjoy the lease terms you desire.

Leases between one to six months work best for Residents who know their living situation is temporary and have already started the process for securing long-term accommodations.

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. Long leases typically last six months to two years and benefit you in many ways.

Your monthly payments are likely to be more budget friendly. Long leases are also easier to find, so you have a greater chance of finding an apartment you prefer when you’re receptive to long-term leases.

The primary downside to a long lease is the lack of flexibility. You signed the lease for a specified amount of time. When life takes an unexpected turn, 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 Best Lease Length for Me in Greenwood?

The right lease term for you fits your current housing needs as well as your long-term expectations. Consider the following questions to identify your needs and whether a short lease or long 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 relocate quickly and cut the lease short?

  • In the unlikely scenario where I have to break a long lease, can I afford the fees?

  • Do I need a rental for a couple of months, or am I looking for a place to settle down?

  • What are the chances I will find 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 flexibility 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 ideal lease options for you. Request a consultation with a knowledgeable leasing agent by calling 317-886-1849 or by clicking the “schedule a tour” button.
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