How to Decide on a Lease Length in Bloomington 10/27/2020 When you’re looking for a Bloomington apartment, you have numerous questions to ponder. In what neighborhood do you wish to reside? How much space is right for you? What are the basic amenities you need? And don’t forget, what lease duration would you like? Thankfully, it’s not difficult to decide lease length in Bloomington by considering the positives and downsides of short and lengthier leases. Here is what you should know about these leasing options and how to decide which is right for you. Is a Short Lease Best for Me? Not sure you want to commit to a longer lease duration? A shorter agreement will likely be the smarter choice for you. These options are for six months or less. Leasing agreements of a single month are commonly described as month-to-month leases, meaning they run out and have to be extended every month. Short-term lease options offer Bloomington Residents plenty of freedom as you aren’t committed for very long. You might want a short-term rental like this when faced with a significant life change like beginning a new job in a different town. Another time 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 short leases is that they are usually more expensive per month. In addition, leases of six months or less are more difficult to find, so you might have to settle for a location that isn’t ideal just to find the lease duration you want. Short-term options are smart for Residents who know their living situation is temporary and have a plan in place for securing a home or longer-lasting solution. Do I Need a Long Lease? Many people who are trying to decide on lease length in Bloomington go with longer terms. These arrangements commonly run between six months and a couple years and benefit you in many ways. Rent is typically less expensive. Longer lease terms are also frequently available, so you can expect to locate a place you like when you’re willing to sign longer leases. The primary downside to a long lease is the inflexibility. You agreed to pay for a certain number of months. If your plans change, and you have to move out, you will probably need to incur a hefty charge. How Can I Decide on the Best Lease Length for Me in Bloomington? The right lease term for you accommodates your current situation as well as your long-term expectations. You should answer these questions to identify your needs and whether a short lease or long lease works best for you: How many months do I expect to reside in my apartment? How much can I afford for a shorter lease? Can I think of any reason why I might have to relocate quickly and cut the lease short? In the event I was to break a long lease, can I pay the extra costs? Do I need a place to stay temporarily, or am I better off with a more permanent solution? Can I acquire a temporary lease in Bloomington? Would I take something that isn’t my first choice so I can enjoy the convenience of a shorter lease agreement? Get the Best Lease Length for You in Bloomington Whether you need somewhere to stay while dealing with an important life moment or a place to settle down and call home , Echo Park Bloomington Apartments has ideal lease options for you. Schedule an appointment with one of our leasing specialists by calling 812-578-7394 or by using the “schedule a tour” button.