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How To Decide On A Lease Length In Carmel

October 27, 2020

Patio view in Carmel apartment

When you’re looking for a Carmel apartment, you have a multitude of choices to consider. In what area would you like to move to? How much living area do you need? What are the basic amenities you need? And most importantly, what lease duration are you looking for?

Luckily, it’s easy to decide lease length in Carmel by thinking about the pros and cons of short-term and long-term leases. Here is what you should know about these different lease choices and how to figure out which is best for you. 

Carmel model living room

Are Shorter Leases A Better Option?

Are you hesitant to agree to a long lease? A short lease might be better for you. These options are for fewer than six months. Short-term rentals of one month are called month-to-month contracts, since they run out and must be renewed each month.

Short leases offer Carmel Residents the most flexibility since you aren’t under contract for an extended period of time. You probably need a short lease when faced with an important moment in your life like an unexpected job offer in a different town. One more circumstance you could benefit from a short lease is when you already sold your previous home but the new one isn’t ready yet.

An important disadvantage to shorter contracts is that they are likely to have a higher monthly rate. Additionally, short-term leases 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 leases work best for Residents who need an interim arrangement and have definite plans for securing a home or longer-lasting solution.

Carmel model kitchen

Is A Long Lease Right For Me?

Most apartment seekers trying to decide on lease length in Carmel go with a long lease. These options are usually six months to two years and have many advantages.

Rent is typically less expensive. Longer lease terms are also frequently available, so you can expect to locate an apartment you enjoy when you’re receptive to longer leases.

The main disadvantage to longer terms is the lack of flexibility. You are in agreement for a certain number of months. If your job or personal life changes abruptly, and you need to break your lease, you can expect to pay a hefty charge.

Carmel patio view

How Can I Decide On The Right Lease Length for Me In Carmel?

The best lease length for you accommodates your current situation as well as your future plans. Consider these questions to determine your needs and whether a short-term or long-term lease makes sense for you:

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

  • How much can I afford for a shorter lease?

  • Is there any reason I might have to relocate quickly and terminate the agreement?

  • If I need to break a long lease, can I afford the fees?

  • Does a temporary rental make sense, or am I better off with a more permanent solution?

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

  • Would I accept a less ideal location just for the flexibility of a short-term deal?

Find The Right Lease Length For You In Carmel

Whether you are looking for a temporary rental while undergoing a major life event or a spot you can live for a long time , Lakeside Apartments has the right lease for you. Arrange a meeting with a knowledgeable leasing agent by placing a call to 317-344-8491 or by using the “schedule a tour” link.