I got a job in December in Bangalore and was asked to start working from the office starting next month only. After a bit of house hunting, I was able to get a budget-friendly apartment near my office but my friend, who joined my office in May failed to get a reasonable apartment. So if you ask me when do apartment leases usually start, there is no fixed time but to get reasonable apartments, it's better to start the house hunt from October. Read this answer to know more about this topic.
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What is the best month to lease an apartment as a tenant?Get this very clear. From October to April the price or rent of the apartments drops so if you are a tenant looking for a reasonable apartment, this time period will be the best to settle in a rented apartment. From April end onwards the rent, as well as the demand for the apartments, increases and the house hunt gets very difficult. Hence try to get an apartment between October to April.
On the other hand, if you are a landlord and want to earn a good sum of profit, rent your house after April. After the year ending month, i.e March, people shift jobs and places and start their house hunt. They get ready to pay any amount asked for and pay about 10 to 20% of the actual payable rent.
For example, I rented a 1 BHK for Rs 14,000 in the month of January but my friend rented a 1 BHK for Rs 19,000 in May. The size of both apartments was almost the same. In fact, mine was better. I hope you have understood when do apartment leases usually start so start the house hunt accordingly.
Read More:How to rent a house?
What is lock-in period in rent-agreement?
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When do Apartment Leases Usually Start?
Ankit
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2 Year
2023-02-23T10:16:58+00:00 2023-02-23T10:17:20+00:00Comment
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