Website design By BotEap.comUnderstanding short-term and long-term leases is beneficial when considering your next rental. There are pros and cons to both types of leases. Considering your needs and plans is important when considering which lease is best for you.

Website design By BotEap.comThe first thing to consider is how long you intend to stay in your rental. If you’re not planning a long-term stay, a short-term lease may be your best option. But the fact that your landlord can raise your rent more quickly than a long-term lease or change other terms of the lease may make a shorter lease less desirable.

Website design By BotEap.comWith a short-term lease, the tenant does not have to worry about being locked into a long-term lease. However, with a short-term lease, the landlord can make changes to the lease at more frequent intervals, including raising rental rates.

Website design By BotEap.comThis lease agreement provides flexibilities to both the tenant and the landlord. The tenant has the possibility to move when he wants or needs. Rather, the lessor has the flexibility to change the terms of the lease more frequently.

Website design By BotEap.comLong-term leases are good for a more stable landlord-tenant relationship. Although the lease is not as flexible as a short-term lease, there are many advantages to this type of lease.

Website design By BotEap.comIn most cases, the rent for a long-term contract is lower than the rent for a short-term contract, which can be a great advantage for the tenant. Also, landlords rarely raise rent until the current lease expires.

Website design By BotEap.comThis more stable lease allows the tenant to have a better budget for their rent, which is an advantage for the tenant. An advantage to the landlord is that a long-term lease typically provides a lower turnover rate, resulting in shorter vacancy periods and less advertising expense.

Website design By BotEap.comShort-term and long-term leases have advantages and disadvantages for everyone involved. It is important to consider your needs as a tenant or owner when deciding which leasing option is best for you. No matter which one you choose, always make sure the agreement is in writing.