With nearly 20 million apartment complexes to choose from (2,904,392 in California alone!), the decision to rent involves multiple factors. Here are just a few.
Once you have found the ideal spot to live, knowing how long you plan to stay is key to getting the right lease for your needs. A 6-month lease offers greater flexibility but is subject to anything from price changes to a potential eviction.
If you’re a great tenant, the latter probably won’t happen, but it’s all worth considering. You should also think about work (do you plan to change locations soon?); roommates (how well do you get along?); and relationships (planning to combine households one day?).
Life is unpredictable, but your living situation doesn’t have to be. We’ll help you determine what is best for you.
These shorter-term leases are available for the convenience of the tenant and the owner/renter of your apartment.
Shorter leases allow the apartment complex to keep their prices competitive, with the option to change based on today’s market. They also allow you the opportunity to relocate at a shorter (30- or 60-day) notice, if need be.
If you’re shopping around for a home and don’t want to make split decisions, a nice, short lease can give you the perspective and time needed to let you look around.
Keep in mind that 6-month leases tend to cost more on a month-to-month basis than it would cost for a full 12-month commitment.
These leases are for the committed.
If you just got a new job, if you’re not planning to leave town for a while or if you’re a person who hates the stresses of moving, then this lease is for you.
This option is the most common one available. It allows you to have a fixed lease contract – not subject to change without approval or discussion – as well as a set price for rent.
This option allows for the tenant and the owner to feel a sense of stability. Having one renter in a 12-month contract can be easier than locking down two separate parties for two separate 6-month leases.
Choose a lease based on what you think is the most realistic for your situation. If you’re a family-orientated person in their hometown with a solid job, opt for the 12-month lease. If you’re a traveling, single person, your life’s options may be as endless as your apartment ones and you would probably like to consider a lease with more freedom.
Don’t get yourself in a bind by choosing something which ties you down or forces you to break a contract. A good tenant will keep all these factors in mind before crossing T’s and dotting I’s.
If you need help finding the perfect place, reach out to us.
McLellan Estates operates two apartment complexes in the Bay Area, Crestview Apartments, and Old County Road Apartments, both in close proximity to shopping, parks, dining, and transportation.