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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 would you like to reside? How much square footage do you need? What features are you looking for? And of course, what lease duration do you want?

Luckily, it’s fairly simple to decide lease length in Westfield when you consider the advantages and disadvantages of short-term and long-term leases. Learn more about these leasing options and how to figure out which makes the most sense for you. 

Westfield model living room
 

Are Shorter Leases A Better Option?

Having trouble committing to lengthier leases? A short-term contract will probably be better for you. These options are for fewer than six months. Leasing agreements of one month are commonly described as month-to-month leases, which means they expire and must be extended by a certain time each month.

Short-term lease options offer Westfield Residents the most flexibility as you aren’t under contract for more than a few months. You probably need a short-term rental if you are facing an important moment in your life like an unexpected job offer in a different town. One more circumstance you could require a short lease is when you have sold your previous home but the new home is still being finalized.

An important disadvantage to short leases is that they are usually more expensive per month. Additionally, shorter lease deals 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 leases work best for Residents who know their living situation is temporary and have a plan in place for acquiring a more permanent residence.

Westfield model kitchen
 

Is A Long Lease Right For Me?

Most apartment seekers trying to decide on lease length in Westfield opt for long-term contracts. These arrangements typically last six months to two years and have many advantages.

Your rates are usually more affordable. Long-term deals are also frequently available, so you’re more likely to find a place you enjoy when you’re receptive to long-term leases.

The drawback to a long lease is the inflexibility. You agreed to pay for a specified amount of time. When life takes an unexpected turn, and you need to leave before the agreed-upon date, you can expect to be faced with a steep fee.

Westfield patio view
 

How Can I Decide On The Right Lease Length for Me In Westfield?

The best lease length for you accommodates your current situation as well as your housing demands in the future. You should answer these questions to identify your needs and whether a short lease or long lease works best for you:

  • What length of time do I expect to reside in my apartment?

  • What is the maximum rent I can pay for a shorter lease?

  • Can I think of any reason why I could need to leave on little notice and break my lease?

  • In the event I was to cut a longer lease short, can I pay the extra costs?

  • Do I need a place to stay temporarily, or is a long-term rental the right decision?

  • What are the chances I will find a temporary lease in Westfield?

  • Would I accept a less ideal location in order to have the convenience of a short lease?

Find The Right Lease Length For You In Westfield

Whether you need a short-term apartment while making an exciting change in your life or a location you plan to live at for years , Union Street Flats has smart lease choices for you. Arrange a meeting with a knowledgeable leasing agent by calling (317) 942-3629 or by clicking the “schedule a tour” button.