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Thread: 6 month leases

  1. #1
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    Default 6 month leases

    Hi

    I'm considering moving back to the Miami area ( I know..why?), so I was browsing apartment.com for some rentals. I was surprised to see 6 month rentals around the beach at fairly decent rates. Is this common? I guess it should be since Miami has a transient atmosphere. My intention is to kinda check things out, go job hunting and see if I can really make it here again. My credit is not the best, but I should be able to prepay the lease if it comes to that. Any tips or advice? I think this would be a better option than renting out an airbnb for a couple of months. I do plan to maintain my residence in Louisiana while I do this.

  2. #2
    Editor Matt Meltzer's Avatar
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    Default Re: 6 month leases

    Yeah that's definitely the way to go. Month to month rentals might be even better so you're not locked in for six months. but if you have the money to pay it all upfront anyway I guess that's not really an issue.
    No tips other than don't expect to get your security depoist back and absolutely come down here and look at the places before you rent ANYTHING. Lots of scammers here, or, more accurately, people who make apartments look a lot nicer than they are.

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    Default Re: 6 month leases

    Really?...is amount of security deposit more or less the same as a monthly payment?...is this applicable to all rental types (apartment v condo)??

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    Default Re: 6 month leases

    Thanks Matt. Yeah, I remember housing here being shady in general, and I lived in Miami 12 years ago when I was a student at UM for a short while. I think I ended up hooking up with an owner on North Beach and just paying him cash on hand..no credit check or anything. The apartment wasn't the best, but it was clean and not in a dangerous area. I didn't consider month-to-month rentals, I assume they would be more difficult to find. Honestly, I think I am a little crazy about wanting to move back, I remember having a love/hate relationship with Miami in general...but still somehow liking it. I'm single and don't have any children..so I figure why not. BTW, I've read some of your articles and they are SPOT on in regards to the local culture LOL.

    Elchevere, I'm not really sure..but I saw 6 months lease options often enough on the site that it made me raise an eyebrow. I'm going to call a few places and ask, but I don't think the security deposit would be doubled or anything.

  5. #5
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    Default Re: 6 month leases

    Security is always a months rent. Usually to move in, its first, last and security, which means its 3 months upfront! Many places I find do 6 months, it doesn't always mean its a scam.
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  6. #6
    Senior Member Marc Middleton's Avatar
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    Default Re: 6 month leases

    The law is 6 months and a day in Miami-Dade. As long as the community HOA allows it, you're fine. Most places in Sobe and high rises allow it. Older highrises tend to be strict, just depending on location (on the beach, near the beach ,etc.).

    Still gonna be 3 months to move in regardless and some may want you to pay all 6 up front but I would advise against it. If you're doing 4 months, most likely. But 5-6 you can get away with not having to pay it. Its 'off season' now which means there should be some deals to be had vs high season. For a 1 bedroom in a decent building, maybe $1500 or so per month, furnished. High rise may be more money but get a no frills building on like Euclid or Pennsylvania Art Deco building and you should find $1400-$1500. For downtown, still will be about $1600+ and Brickell closer to $2000 unless you find a studio.

    Good luck!
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    Default Re: 6 month leases

    Quote Originally Posted by Marc Middleton View Post
    The law is 6 months and a day in Miami-Dade. As long as the community HOA allows it, you're fine. Most places in Sobe and high rises allow it. Older highrises tend to be strict, just depending on location (on the beach, near the beach ,etc.).

    Still gonna be 3 months to move in regardless and some may want you to pay all 6 up front but I would advise against it. If you're doing 4 months, most likely. But 5-6 you can get away with not having to pay it. Its 'off season' now which means there should be some deals to be had vs high season. For a 1 bedroom in a decent building, maybe $1500 or so per month, furnished. High rise may be more money but get a no frills building on like Euclid or Pennsylvania Art Deco building and you should find $1400-$1500. For downtown, still will be about $1600+ and Brickell closer to $2000 unless you find a studio.

    Good luck!

    Thanks for the helpful reply Marc. I'm just slightly surprised that its an option because I really didn't like the idea of having a 12month lease when I'm just essentially checking things out again. It could be half vacation/half pounding pavement for me.

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