How To Decide On A Lease Length In Sylvania

Fortunately, it’s fairly simple to decide lease length in Sylvania by considering the pros and cons of both short and long leases. Here is what you should know about these two types of leases and how to figure out which is right for you. 

Are Shorter Leases A Better Option?

Having trouble committing to a longer lease duration? A short lease will probably be better for you. These options are for six months or less. Leasing agreements of 30 days are commonly described as month-to-month contracts, meaning they expire and have to be extended every month.

Short leases offer Sylvania Residents a temporary solution as you aren’t tied down for an extended period of time. 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 require a shorter rental is if you’ve sold your residence but the new one isn’t ready yet.

The biggest drawback to short leases is that they are usually more expensive per month. Additionally, short-term leases are more difficult to find, so you might have to settle for a location that isn’t your first choice just to enjoy the lease terms you require.

Leases between one to six months work best for tenants who know their living situation is temporary and have a plan in place for acquiring a home or longer-lasting solution.

Do I Need A Long Lease?

Most apartment seekers trying to decide on lease length in Sylvania choose longer terms. These arrangements typically last up to two years and benefit you in many ways.

Rent is usually more affordable. Long leases are also more commonplace, so you’re more likely to find an apartment you enjoy when you’re willing to sign long-term leases.

The drawback to longer leases is the firm commitment. You are in agreement for a designated time frame. When life takes an unexpected turn, and you need to break your lease, you are likely to pay a hefty charge.