How to Decide on a Lease Length in West Lafayette 10/27/2020 If you have started the search for a West Lafayette apartment, you have many decisions to make. In what area do you wish to move to? How much square footage would you like? What are the basic amenities you need? And most importantly, what length of lease are you looking for? Fortunately, it’s fairly simple to decide lease length in West Lafayette by considering the advantages and disadvantages of short-term and long-term leases. Learn more about these leasing options and how to decide which makes the most sense for you. Is a Short Lease Best for Me? Not sure you want to commit to lengthier leases? A short-term contract might be better for you. These options are for fewer than six months. Short leases of one month are typically referred to as month-to-month contracts, which means they expire and have to be extended every month. Short-term lease options offer West Lafayette renters plenty of freedom since you aren’t under contract for an extended period of time. You could be interested in a short-term rental like this if you are facing an important moment in your life like beginning a new job in a new city. Another time you could require a short-term lease is when you already sold your previous home but the new home is still being finalized. The biggest drawback to monthly or short-term arrangements is that they are likely to have a higher monthly rate. Additionally, leases of six months or less are less prevalent, so you might end up in an apartment that isn’t the best option just to find the lease duration you require. Leases between one to six months make sense for Residents who need an interim arrangement and have already started the process for obtaining a home or longer-lasting solution. Do I Need a Long Lease? Most apartment seekers trying to decide on lease length in West Lafayette opt for longer terms. These options commonly run up to two years and have many advantages. Your rates are typically less expensive. Long-term deals are also more commonplace, so you’re more likely to find a place you like when you’re open to signing long-term leases. The drawback to longer leases is the inflexibility. You signed the lease for a specified amount of time. If your plans change, and you need to leave before the agreed-upon date, you are likely to incur a hefty charge. How Can I Decide on the Best Lease Length for Me in West Lafayette? The best lease length for you fits your current housing needs as well as your long-term expectations. Ask yourself these questions to identify your needs and whether a short lease or long lease works best for you: How many months do I plan to live in my apartment? How much can I afford for a shorter lease? Are there circumstances where I might have to relocate quickly and cut the lease short? In the event I was to break a long lease, can I handle the additional charges? Does a temporary rental make sense, or is a long-term rental the right decision? Can I find a month-to-month or short-term lease in West Lafayette? Am I willing to live somewhere I don’t love in order to have the convenience of a shorter lease agreement? Find the Right Lease Length for You in West Lafayette Whether you are looking for somewhere to stay while dealing with an important life moment or a place to settle down and call home , The Ivy Towns and Flats has the right lease for you. Arrange a meeting with one of our leasing specialists by dialing 765-300-4521 or by using the “schedule a tour” button.