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How to Decide on a Lease Length in Carmel

If you’re searching for a Carmel apartment, you have many decisions to make. Where do you want to live? How much space would you like? What are the basic amenities you need? And don’t forget, what length of lease are you looking for?

Fortunately, it’s not difficult to decide lease length in Carmel by considering the pros and cons 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.

Carmel model living room

Is a Short Lease Best for Me?

Having trouble committing to lengthier leases? A short lease will likely work for you. These options are for one to six months. Leasing agreements of one month are typically referred to as month-to-month leases, meaning they run out and need to be extended every month.

Short-term lease options offer Carmel Residents the most flexibility because you aren’t tied down for very long. You might want a short lease when in the middle of a significant life change like beginning a new job in another state. Another time you could require a short lease is when you already sold your previous home but can’t move into your new one yet.

The biggest drawback to short leases is that they are usually more expensive per month. In addition, leases of six months or less are less prevalent, so you might have to settle for a place that isn’t ideal just to get the lease length you want.

Short-term options make sense for Residents who know their living situation is temporary and have a plan in place for securing long-term accommodations.

Carmel model kitchen

Is a Long Lease Right for Me?

A large percentage of apartment hunters trying to decide on lease length in Carmel opt for a long lease. These options are usually between six months and a couple years and benefit you in many ways.

Rent is likely to be more budget friendly. Longer lease terms are also more commonplace, so you can expect to locate an apartment you prefer when you’re open to signing longer leases.

The primary downside to longer terms is the firm commitment. You signed the lease for a designated time frame. When life takes an unexpected turn, and you have to move out, you can expect to pay a hefty charge.

Carmel patio view

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

The smartest lease option for you accommodates your current situation as well as your long-term expectations. Consider the following questions to consider your exact situation and whether a short lease or long lease makes sense for you:

  • How long do I want to stay in my apartment?

  • How much can I afford for a shorter lease?

  • Can I think of any reason why I may need to leave on little notice and terminate the agreement?

  • In the unlikely scenario where I have to cut a longer lease short, can I afford the fees?

  • Does a temporary rental make sense, or is a long-term rental the right decision?

  • How hard will it be for me to get a short lease in Carmel?

  • Would I accept a less ideal location just for the convenience of a shorter lease agreement?

Find the Right Lease Length for You in Carmel

Whether you want somewhere to stay while dealing with an important life moment or a spot you can live for a long time , One One Six Apartments has the right lease for you. Schedule an appointment with one of our leasing specialists by dialing 317-350-1941 or by using the “schedule a tour” link.
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