Pick the Right Lease for your Lifestyle and Future
When you enter into a lease agreement, you are signing a legally binding document that states you will be responsible for maintaining an apartment unit and submitting the cost of rent for that entire lease duration.
Picking the right lease duration for your specific needs and future goals can make a big difference in your financial well-being and quality of life. Keep reading to learn why picking the right lease is so important for your rental history and how to make this decision.
Picking the Right Lease Is Crucial
Picking a lease duration is a decision that quickly impacts your personal and professional life. The most common lease durations include:
6-month leases: A good option for students, first-time renters, and individuals in-between moves, a 6-month lease is often a more expensive option that gives families and individuals the flexibility to move after a short period of time should they plan to buy a house or simply don’t like the property.
12-month leases: Perfect for individuals who plan to stay in one place for at least a year, a 12-month lease offers renters 1 year at a locked in rental rate which is often less than the rental amount given at a 6-month lease.
What to Consider Before Committing to a Lease at Any Apartment in Charles County MD
Before committing to a 6 or 12-month lease, it’s important to consider your short and long-term goals to plan accordingly.
Here are a few things you should consider specifically before signing your name on your next rental agreement.
Academic and Professional Goals: If you’re in the process of applying to a new school or working towards a promotion that could take you away from your current place of living, you may want to consider signing a shorter lease in the even a new opportunity comes up that requires you to move.
Financial Wellbeing: 6-month leases are often more expensive than longer term leases because managers have more security in long term tenants than short term tenants. If you are considering a 6-month lease, be sure to ask what the price difference is.
Desire for Flexibility: Renters who want flexibility with their place of living often choose short term leases. This is idea for families who have just moved to the Waldorf area, and haven’t had a chance to explore the areas around town before renting. By signing a shorter-term lease, you have the flexibility to move should you prefer a different part of town after settling in.
Picking your lease duration is a complex decision that you should take time to consider before making a commitment. While picking between a six and twelve-month lease, consider your short and long-term goals, your need for flexibility, and your ability to pay an increased rate for a shorter lease.
If you have any questions about the different rates between six and twelve-month leases at Adams Crossing, contact our leasing office for more information about renting apartments in Charles County MD today.