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How To Decide On A Lease Length In Carmel

October 27, 2020

Patio view in Carmel apartment

If you’re searching for a Carmel apartment, you have many decisions to make. In what neighborhood would you like to live? How much square footage do you need? What are the basic amenities you need? And most importantly, how long of a lease are you looking for?

Fortunately, it’s easy to decide lease length in Carmel when you consider the advantages and disadvantages of short and lengthier leases. Keep reading to learn 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?

Not sure you want to commit to lengthier leases? A short lease will likely be better for you. These options are for one to six months. Leasing agreements of a single month are typically referred to as month-to-month leases, which means they run out and need to be extended each month.

Short-term lease options offer Carmel Residents the most flexibility because you aren’t tied down for very long. You could be interested in a short lease when in the middle of a major change in your life like starting a job in another state. Another time you could require a short lease is when you already sold your house but the new one isn’t ready yet.

The biggest drawback to monthly or short-term arrangements is that they typically cost more. Additionally, leases of six months or less are less prevalent, so you might have to settle for a place that isn’t your first choice just to enjoy the lease terms you want.

Short-term options make sense for people who seek a temporary residence and have definite plans for securing a more permanent residence.

Carmel model kitchen
 

Do I Need A Long Lease?

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 a place 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. If your plans change, and you need to break your lease, you can expect to incur 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 future plans. Consider these questions to consider your exact situation and whether a short lease or long lease makes sense for you:

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

  • Can I afford higher rent for a shorter lease?

  • Is there any reason I may need to leave on little notice and break my lease?

  • In the unlikely scenario where I have to cut a longer lease short, can I pay the extra costs?

  • Do I need a place to stay temporarily, or is a long-term rental the right decision?

  • Can I get a short lease in Carmel?

  • Am I willing to live somewhere I don’t love just for the flexibility of a shorter lease agreement?

Find The Right Lease Length For You In Carmel

Whether you want a temporary rental while dealing with an important life moment or a place to settle down and call home , One One Six Apartments has the right lease for you. Request a consultation with a knowledgeable leasing agent by dialing 317-350-1941 or by using the “schedule a tour” link.