What are the Drawbacks of a Month to Month Lease?

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There are some benefits to choosing a month to month lease. This type of lease makes sense if you are looking to move into a place, but you are not sure how long you will be there and are worried about some of the fees that can come with breaking a traditional lease. While there are some benefits of this type of lease depending on your situation, there are also some drawbacks that will occur with it as well if you are not careful. Some of the drawbacks that may happen here include:

 

# Expensive rental price: You will find that the monthly rent on a short term lease is more expensive compared to signing a traditional lease. Many apartments that will offer these rentals will have some type of tiered pricing structure, all based on how long the lease is. The longer the lease, the more affordable the apartment is. Since month to month is a shorter amount of time, it is going to be more expensive.

# Risk of lease termination: These flexible lease terms allow the landlord to end the contract at any time, as long as they give the amount of termination notice that is required by law. While a full-time lease would allow you to know for certain that the apartment is yours for a year or more, both parties in the month to month are allowed to leave at any time. The landlord is unlikely to kick you out if you are a good tenant, but it is still an option.

# Rent instability: When you go with a short-term lease, you may find that the landlord is also able to raise the rent at any time. This makes it hard to budget for your rent if you choose to go with one of these options, rather than going with the traditional lease that will keep the rental amount for the whole year and will not change on you until the lease is over.

 

Come and take a look at some of our 3 bedroom apartments in Gainesville, FL to see which one is going to be the best for your needs. These larger apartments provide you with some of the space you need to spread out and feel right at home. We welcome you to come and take a tour of some of our facilities and see why they are some of the best for this part of Florida. Close to everything with lots of amenities and room to spread out, you will feel right at home in Florida in no time. Contact us today to get started!

 

 

 

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