Currently, apartments are one of the most popular residential options. Apart from its strategic location, the apartment is also surrounded by public facilities, such as malls, hospitals, offices, and universities. Such as rental apartments in Jakarta, which are located on the main road and close to various facilities and access to transportation.
Not only public facilities, the apartment is also equipped with adequate internal facilities. Many apartments provide gym facilities, jogging tracks, salons, laundry, and even malls in residential areas. This is what makes apartment rental enthusiasts continue to increase every year.
If you are interested in renting an apartment, you need to consider the duration of the lease. Are you going to rent on a daily, monthly, or even yearly basis? This of course you have to think carefully.
Usually, the rental option that most tenants choose is the monthly option. In addition to affordable rental prices, monthly apartment rentals are also considered more flexible than other options. However, this does not mean that this rental option does not have its drawbacks. For that, you must know the advantages and disadvantages of monthly apartment rentals.
The following is a review of the advantages and disadvantages of monthly apartment rentals.
Exterior view of modern apartment building offering luxury rental units in Silicon Valley; Redwood City, San Francisco bay area, California
Advantages of Monthly Apartment Rental
1. Very Flexible
The advantage of monthly apartment rentals is that they are more flexible than yearly apartment rentals. You can move apartments at the end of the month if you feel you don’t want to live in the unit.
In contrast to the annual apartment rental system, the contract period is calculated on an annual basis. So that the annual lease is considered less flexible by some tenants.
This option is perfect for those of you who really like moving from one apartment to another. Also suitable for those of you who are planning to rent only for a short period of time.
2. The payment system is not burdensome
When renting an apartment on a monthly basis, of course you can pay the rent every month. This is of course different from the annual apartment rental which has to be paid up front in large amounts.
Therefore, the monthly apartment rental option is perfect for those of you who don’t have the savings to pay rent on an annual basis.
3. Avoid losses
Do you often experience conditions that force you to move suddenly? For example, having to return home suddenly, or having to stop working. If so, the apartment rental system with a monthly duration will not harm you.
It’s different if you rent an apartment on an annual basis, and have to leave the apartment suddenly. You will of course experience losses because the apartment becomes empty and unoccupied. Even though you have paid to occupy it on an annual basis.
4. The rental price is more affordable than daily rent
Monthly apartment rental prices are certainly much cheaper than daily rentals. For example, the rental price for the Jakarta Puri Orchard apartment type Studio. The daily rental price for this apartment starts from 20.05 dollars/day. If you rent it on a monthly basis, you can get it with prices starting from Rp. 3 million per month, or the equivalent of $6.69/day.
This rental option is indeed suitable if you plan to stay for a slightly longer period of time, such as 1 month, 3 months, even 6 months. Also suitable for those of you who want to feel the feel of a staycation every day without a large capital.
5. Suitable for students and workers
Rent an apartment on a monthly basis is a suitable option for students and workers. Apart from the easy payment options, monthly rental flexibility is also an advantage for students and workers.
For example, many students spend their semester holidays by returning to their hometowns. Semester holidays usually take 1-2 months, so they don’t have to pay when the apartment is not occupied.
Likewise, workers who often experience mutations or work place changes. By renting on a monthly basis, workers can easily complete their rental contracts without having to wait on an annual basis.
Disadvantages of Monthly Apartment Rent
1. The rental price is more expensive than the annual rent
The monthly rental price is certainly more expensive than the annual apartment rental price. For example, the rental price for the Ayodhya Apartment Type Studio. The third-month rental price is 481.11 dollars per month, or the equivalent of 66,965.27 dollars per month.
If you rent on an annual basis, you can get a price of around 1,804.15 dollars per year, or the equivalent of 147.00 dollars per month. (You can get around 120.28 dollars per year)
If you plan to rent for a long period of time, the annual option is certainly the best option. Therefore, it is important to know your needs before deciding to rent an apartment.
2. Potentially unstable rental prices
When you rent an apartment on an annual basis, automatically the rental price will be locked or stagnant within one year. This condition is certainly different from renting an apartment on a monthly basis.
When you rent on a monthly basis, and plan to continue the contract, the apartment rental price can be more expensive than the previous price. Therefore, you must be prepared for price changes when renting an apartment on a monthly basis.
3. It just takes time and energy
For some people, moving from one apartment to another sounds like fun. But the thing you have to remember, moving apartments will certainly take a lot of time and energy.
Suppose you rent an apartment for only three months. When the rental period expires and the apartment is rented by someone else, you must immediately look for another apartment that may not be available in a short time. Moreover, there are personal items that must be moved. This of course consumes your time and energy.
4. Harder to find than annual apartment rentals
Apartment rental options are usually more difficult to find than annual apartment rentals. Because many apartment owners want to rent their apartments directly on an annual basis rather than monthly.
If you want to find monthly apartment rentals easily, one way is to rent through Jendela360, which is a trusted apartment tenant site.
__
Each apartment rental option, both monthly and annually, of course has its own advantages and risks. Therefore, it is important for you to identify your needs before renting an apartment.
Thus a review of the advantages and disadvantages of monthly apartment rentals. I hope this article is useful!
