How to Decide on a Lease Length in Indianapolis 10/27/2020 If you have started the search for a Indianapolis apartment, you have many decisions to make. In what area do you want to live? How much living area do you need? What amenities do you require? And don’t forget, what lease duration do you want? Luckily, it’s not difficult to decide lease length in Indianapolis when you consider the pros and cons of short and lengthier leases. Learn more about these two types of leases and how to figure out which is best for you. Is a Short Lease Best for Me? Having trouble committing to lengthier leases? A short lease will probably be the smarter choice for you. These leases have a duration of fewer than six months. Leasing agreements of one month are commonly described as month-to-month leases, meaning they expire and need to be renewed every month. Short-term lease options offer Indianapolis Residents a temporary solution because you aren’t committed for more than a few months. You might want a short-term rental like this when in the middle of a major change in your life like an unexpected job offer in another state. Another time you could require a short lease is when you have sold your residence but can’t move into your new one yet. An important disadvantage to shorter contracts is that they typically cost more. Additionally, short-term leases are more difficult to find, so you could get stuck in a location that isn’t the best option just to find the lease duration you require. Leases between one to six months work best for tenants who need an interim arrangement and have already started the process for securing a more permanent residence. Should I Choose a Longer Lease? A large percentage of apartment hunters trying to decide on lease length in Indianapolis choose longer terms. These options are usually between six months and a couple years and have a range of benefits. Your monthly payments are likely to be more budget friendly. Long leases are also easier to find, so you can expect to locate a location you like when you’re willing to sign longer 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 are likely to incur a hefty charge. What Should I Do To Decide on the Most Sensible Lease Length for Me in Indianapolis? The best lease length for you fits your current housing needs as well as your future plans. Consider these questions to identify your needs and whether a temporary or more permanent 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? Are there circumstances where I may need to move suddenly and break my lease? If I need to break a long-term agreement, can I pay the extra costs? Do I need a rental for a couple of months, or is a long-term rental the right decision? Can I acquire a short lease in Indianapolis? Am I willing to live somewhere I don’t love just for the benefits of a short-term deal? Get the Best Lease Length for You in Indianapolis Whether you want somewhere to stay while dealing with an important life moment or a location you plan to live at for years , The Line-Urban Flats on the Monon has smart lease choices for you. Schedule an appointment with a friendly member of our team by placing a call to (317) 659-6620 or by clicking the “schedule a tour” button.