How To Decide On A Lease Length In Lafayette

Fortunately, it’s easy to decide lease length in Lafayette by considering the positives and downsides of short-term and long-term leases. Learn more about these different lease choices and how to determine which is right for you. 

Does A Short-Term Lease Make Sense?

Having trouble committing to a long lease? A short-term contract will likely be better for you. These options are for six months or less. Short leases of a single month are typically referred to as month-to-month leases, since they run out and have to be renewed each month.

Short-term lease options offer Lafayette renters a temporary solution since you aren’t committed for very long. You might want a short-term rental like this if you are facing a significant life change like starting a job in another state. One more circumstance you could require a shorter rental is when you have sold your previous home but can’t move into your new one yet.

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 not as common, so you could get stuck in a place that isn’t your first choice just to get the lease length you require.

Short-term options make sense for people who know their living situation is temporary and have a plan in place for securing a home or longer-lasting solution.

Is A Long Lease Right For Me?

Many people who are trying to decide on lease length in Lafayette choose a long lease. These arrangements typically last between six months and a couple years and have a range of benefits.

Your rates are likely to be more budget friendly. Long-term deals are also frequently available, so you’re more likely to find a location you enjoy when you’re willing to sign a long lease.

The main disadvantage to longer terms is the inflexibility. You signed the lease for a specified amount of time. If your job or personal life changes abruptly, and you have to move out, you can expect to pay a steep fee.