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How To Decide On A Lease Length In Westfield

October 27, 2020

Patio view in Westfield apartment

When you’re looking for a Westfield apartment, you have many decisions to make. Where do you wish to reside? How much living area would you like? What are the basic amenities you need? And most importantly, what lease duration would you like?

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

Westfield model living room

Does A Short-Term Lease Make Sense?

Not sure you want to commit to lengthier leases? A short lease will likely be better for you. These options are for one to six months. Leasing agreements of a single month are called month-to-month leases, which means they expire and have to be renewed by a certain time each month.

Short leases offer Westfield Residents the most flexibility since you aren’t tied down for very long. You could be interested in a short lease like this if you are facing a significant life change like starting a job in another state. An additional situation you might need a shorter rental is if you’ve sold your previous home but the new one isn’t ready yet.

A primary downfall to shorter contracts is that they are usually more expensive per month. On top of that, shorter lease deals are more difficult to find, so you might have to settle for a location that isn’t your first choice just to find the lease duration you want.

Short leases are smart for Residents who know their living situation is temporary and have a plan in place for obtaining a home or longer-lasting solution.

Westfield model kitchen

Do I Need A Long Lease?

Most apartment seekers trying to decide on lease length in Westfield choose a long lease. Long leases typically last six months to two years and have a range of benefits.

Your monthly payments are typically less expensive. Long leases are also frequently available, so you have a greater chance of finding a location you like when you’re receptive to longer leases.

The drawback to a long lease is the inflexibility. You signed the lease for a certain number of months. If your plans change, and you need to break your lease, you will probably need to pay a hefty charge.

Westfield patio view

What Should I Do To Decide On The Best Lease Length for Me In Westfield?

The smartest lease option for you fits your current housing needs as well as your future plans. Consider the ensuing questions to identify your needs and whether a temporary or more permanent lease works best for you:

  • How many months 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 relocate quickly and terminate the agreement?

  • In the unlikely scenario where I have to break a long lease, can I afford the fees?

  • Does a temporary rental make sense, or am I better off with a more permanent solution?

  • How hard will it be for me to find a month-to-month or short-term lease in Westfield?

  • Would I take something that isn’t my first choice just for the flexibility of a short-term deal?

Get The Best Lease Length For You In Westfield

Whether you are looking for somewhere to stay while dealing with an important life moment or a spot you can live for a long time , Wheelhouse Apartments on the Monon has smart lease choices for you. Request a consultation with a knowledgeable leasing agent by dialing 463-223-4309 or by using the “schedule a tour” button.