How to Decide on a Lease Length in Bloomington 10/27/2020 When you’re looking for a Bloomington apartment, you have a multitude of choices to consider. In what area do you want to move to? How much space is right for you? What are the basic amenities you need? And most importantly, what lease duration do you want? Thankfully, it’s fairly simple to decide lease length in Bloomington by thinking about the pros and cons of both short and long leases. Here is what you should know about these different lease choices and how to decide which is best for you. Does a Short-Term Lease Make Sense? Having trouble committing to a long lease? A short lease will likely work for you. These options are for one to six months. Short leases of a single month are typically referred to as month-to-month leases, which means they expire and must be extended each month. Shorter agreements offer Bloomington Residents a temporary solution since you aren’t committed for very long. You could be interested in a short-term rental like this when faced with a major change in your life like starting a job in a different town. One more circumstance you might need a short-term lease is when you have sold your residence but the new home is still being finalized. An important disadvantage to monthly or short-term arrangements is that they are likely to have a higher monthly rate. Additionally, shorter lease deals are less prevalent, so you could get stuck in an apartment that isn’t your first choice just to get the lease length you want. Short-term options make sense for tenants who know their living situation is temporary and have already started the process for securing long-term accommodations. Do I Need a Long Lease? A large percentage of apartment hunters trying to decide on lease length in Bloomington choose long-term contracts. These options are usually up to two years and have a range of benefits. Rent is usually more affordable. Longer lease terms are also more commonplace, so you’re more likely to find a location you prefer when you’re willing to sign a long lease. The main disadvantage to longer leases is the firm commitment. You agreed to pay for a specified amount of time. If your job or personal life changes abruptly, and you have to move out, you can expect to incur a hefty charge. How Do I Decide on the Best Lease Length for Me in Bloomington? The best lease length for you accommodates your current situation as well as your future plans. Ask yourself these questions to determine your needs and whether a temporary or more permanent lease works best for you: How long do I expect to reside in my apartment? What is the maximum rent I can pay for a short-term rental? Can I think of any reason why I might have to move suddenly and terminate the agreement? In the unlikely scenario where I have to break a long lease, can I pay the extra costs? Do I need a place to stay temporarily, or am I looking for a place to settle down? Can I acquire a month-to-month or short-term lease in Bloomington? Am I willing to live somewhere I don’t love in order to have the convenience of a short-term deal? Find the Right Lease Length for You in Bloomington Whether you want a temporary rental while dealing with an important life moment or a place to settle down and call home , City Flats on Tenth has smart lease choices for you. Schedule an appointment with a friendly member of our team by placing a call to 812-561-1974 or by using the “schedule a tour” link.