After you’ve been approved to lease an apartment, the landlord or leasing agent will offer you a choice of lease terms, usually one or two years, although some complexes offer shorter 6 month terms as well. Think through what lease length makes most sense for you withAbout.com’s questions.
One year is the term that most renters choose because it’s long enough to make a decision as to whether you like a place enough to continue living there, but also short enough that you aren’t stuck there forever if you don’t like your living situation. At that point you should have the option to renew your lease if you do like where you are.
There are advantages to a two-year lease, however. For one, if your landlord wants to raise the rent when it’s time to renew, you’ll save money by being locked in for two years rather than one. If you live in a market where rents are on an upward trend, this can add up to substantial savings. You’ll also be able to relax knowing that you don’t have to move for 24 months and your landlord can’t rent your apartment to another tenant.
Need help deciding what lease term is for you? Give Austin Apartments Now a call today at 512-258-8224 for help with the particulars of leases and renting.