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Choosing a lease that suits your needs can be of the utmost importance when it comes to choosing a Daytona apartment. Should you get stuck in a lease you don't like, you'll either have to suck it up and ride it out, or end up paying some pretty exorbitant fees to break said lease. Either way, it's definitely preferable to choose the right lease for you before you sign any agreements. Luckily Daytona offers an abundance of different leasing options; so you're more than likely to find a lease that suits your needs.
Fixed-term leases are the most common leases found throughout Daytona apartments. Fixed-term leases best suit those who are sure in their choices of Daytona apartments, and have the financial means to pay their rent each month. With a fixed-term lease you'll sign an agreement to remain tenancy in your Daytona apartment for a set period of time while paying a predetermined amount of rent each month. The average time period of tenancy one would agree to on a fixed-term lease is 1 to 2 years; however that can vary apartment to apartment and you may find certain Daytona apartments that offer shorter leasing periods, maybe even longer ones. Just remember if you sign a fixed-term lease you should have pretty solid plans to live there for a good amount of time. Be sure the rent is also a feasible amount each month for your budget.
Periodic leases also seem to be abundant throughout Daytona apartments. With a periodic lease you don't have to agree to remain tenancy in your Daytona apartment for any significant amount of time. However, you won't be guaranteed any fixed monthly rental rates. Your rental rates can vary month to month with a periodic lease as the landlord sees fit. It's also why periodic leases got their nickname “month-to-month leases.” Periodic leases are good fit for those who aren't too sure in their choice of Daytona apartments or may have to leave suddenly. When moving out of your Daytona apartment with a periodic lease you usually only have to give about 15-30 days notice.
A less common lease type available in the Daytona area is the individual lease. While an individual lease is similar to a fixed-term lease when it comes to remaining tenancy for a set amount of time, and paying a set amount of rent each month, it varies drastically in other ways. With an individual lease one is only responsible for their share of the apartment. Meaning they only pay for their private areas such as bedroom, and bathroom. One would also pay for a share of the common areas such as living room, kitchen, and dining area. Should any of your roommates break their lease in anyway, you won't be negatively affected. Even if they get kicked out, your spot in your Daytona apartment will be secure.
Choosing a lease can be one of the most important decisions you make when moving into a new apartment. Daytona apartments offer a multitude of different leases to choose from so you should be sure to find something that suits your needs.