Choosing a lease can be one of the most important decisions you make when searching for a FAMU apartment. Luckily, FAMU apartments offer a wide array of lease types to choose from. Giving just about everyone the chance to find the lease type that suits them best. Make sure to familiarize yourself with all of the different lease types available to you throughout apartments near FAMU before you make any decisions. Getting stuck in a lease you are unhappy with is definitely something you don't want. If you end up stuck in a lease you don't like you're either going to have to suck it up for the remainder for your lease, or break the lease and more than likely end up paying some hefty fines for breaking your leasing agreement. It is definitely of the utmost importance that you're sure of exactly what you're getting into before you sign anything.
One of the most common lease types available in apartments near FAMU is the fixed-term lease. A fixed-term lease is perfect for those who are sure in their decision of FAMU apartments and have the financial means of paying for said apartment each month for the duration of the lease. With a fixed-term lease you'll agree to remain tenancy in your FAMU apartment for a specified amount of time that usually ranges from 1-2 years but may also be shorter, though rarely longer. Within said time frame you will be required to pay a predetermined amount of rent each month.
Another popular lease type available throughout FAMU apartments is the individual lease. The individual lease is ideal for college students, and those unsure about their roommates. Many of the terms are similar to the terms in a fixed-term lease; such as agreeing to stay for a specific time period while paying a predetermined amount of rent. However that's pretty much where the similarities end. With an individual lease you are only responsible for your portion of your FAMU apartment. This means that when living with roommates if they are late on rent, or don't pay at all you won't be negatively affected. You are responsible for you and that's it. Your monthly rent will cover your private areas such as bathroom and bedroom, and your share of the common living areas.
One of the lesser known lease types in the FAMU area is the periodic lease. A periodic lease is also known as a month-to-month lease. The reasoning behind this involves the fact that with a periodic lease you don't have to agree to remain tenancy in your FAMU apartment for any significant amount of time. While you don't have to make any long term commitment, neither does your landlord. Meaning your rent can fluctuate as they see fit throughout your stay. Before moving out you usually only have to give 15-30 days' notice with a periodic lease.
FAMU apartments are chock-full of many different lease types to choose from. Just make sure you're completely knowledgeable about your lease before you sign anything!