How to Decide on a Lease Length in Bloomington 10/27/2020 If you’re searching for a Bloomington apartment, you have many decisions to make. In what area do you want to live? How much living area do you need? What are the basic amenities you need? And most importantly, what length of lease do you want? Fortunately, it’s fairly simple to decide lease length in Bloomington by considering the pros and cons of short-term and long-term leases. Learn more about these leasing options and how to determine which is right for you. Does a Short-Term Lease Make Sense? Not sure you want to commit to a long lease? A short lease will probably be better for you. These leases have a duration of six months or less. Short leases of 30 days are called month-to-month leases, which means they expire and must be extended each month. Short leases offer Bloomington renters plenty of freedom since you aren’t committed for more than a few months. You probably need a short-term rental when faced with a significant life change like beginning a new job in a new city. Another time you could require a shorter rental is if you’ve sold your residence but the new home is still being finalized. The biggest drawback to shorter contracts is that they are likely to have a higher monthly rate. Additionally, shorter lease deals are more difficult to find, so you could get stuck in a place that isn’t the best option just to enjoy the lease terms you desire. Short leases work best for tenants who know their living situation is temporary and have definite plans for obtaining long-term accommodations. Should I Choose a Longer Lease? Many people who are trying to decide on lease length in Bloomington choose longer terms. These arrangements commonly run between six months and a couple years and have many advantages. Rent is typically less expensive. Long-term deals are also frequently available, so you can expect to locate an apartment you prefer when you’re willing to sign long-term leases. The main disadvantage to a long lease is the firm commitment. You are in agreement for a certain number of months. If your plans change, and you need to break your lease, you can expect to be faced with a hefty charge. What Should I Do To Decide on the Most Sensible Lease Length for Me in Bloomington? The best lease length for you fits your current housing needs as well as your housing demands in the future. Ask yourself the ensuing questions to determine your needs and whether a temporary or more permanent lease makes sense for you: How long do I want to stay in my apartment? What is the maximum rent I can pay for a shorter lease? Can I think of any reason why I may need to relocate quickly and cut the lease short? 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 am I better off with a more permanent solution? What are the chances I will get a short lease in Bloomington? Would I accept a less ideal location in order to have the flexibility of a short lease? Get the Best Lease Length for You in Bloomington Whether you want a short-term apartment while making an exciting change in your life or a spot you can live for a long time , City Flats on Walnut has the right lease for you. Request a consultation with a knowledgeable leasing agent by dialing 812-578-8827 or by using the “schedule a tour” link.