How To Decide On A Lease Length In Greenwood

Thankfully, it’s not difficult to decide lease length in Greenwood by thinking about the positives and downsides of both short and long leases. Learn more about these leasing options and how to decide which is best for you. 

Is A Short Lease Best for Me?

Are you hesitant to agree to a longer lease duration? A short-term contract will probably be better for you. These options are for fewer than six months. Short leases of 30 days are commonly described as month-to-month leases, meaning they run out and must be renewed every month.

Short leases offer Greenwood Residents plenty of freedom as you aren’t committed for very long. You probably need a short-term rental like this if you are facing a significant life change like an unexpected job offer in a new city. One more circumstance you might need a short-term lease is when you already sold your previous home but can’t move into your new one yet.

The biggest drawback to shorter contracts is that they are usually more expensive per month. In addition, leases of six months or less are not as common, so you might have to settle for a location that isn’t ideal just to get the lease length you desire.

Short leases make sense for tenants who know their living situation is temporary and have already started the process for securing long-term accommodations.

Is A Long Lease Right For Me?

Many people who are trying to decide on lease length in Greenwood choose long-term contracts. Long leases typically last six months to two years and have many advantages.

Your rates are usually more affordable. Longer lease terms are also frequently available, so you can expect to locate a location you like when you’re open to signing long-term leases.

The drawback to a long lease is the lack of flexibility. You are in agreement for a certain number of months. If your plans change, and you need to break your lease, you will probably need to incur a hefty charge.