Hi, my first post here.
I am looking for an apartment (entire unit) and so far most of the posts prefer 2 years contract.
May I ask what are the pros and cons of 2 years contract (vs 1 year)?
If I understand correctly the benefits of 2 years are:
-Lower monthly rent (slightly)
-Fixed price for next 2 years
-Less chance of owner ending contract early
However, the cons are:
-Double the deposit (some chance of not getting the deposit back fully)
-Early termination - If I have to move out, say after 18 months, (non-diplomatic reason), do I forfeit all the deposits?
Thank in advanced for all the advice.