For Homeowners: The Basics of Cable Internet Contracts

For Homeowners: The Basics of Cable Internet Contracts

A contract cable internet service is much cheaper than a no contract cable internet service, provided you fulfill the contract terms.

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But first things first:

Why a contract cable internet?

A contract cable internet service is much cheaper than a no contract cable internet service, provided you fulfill the contract terms.

Basically, when you agree to a service contract, the internet service provider offers you an incentivized deal in exchange of your long-term commitment to their company.

Moreover, contract cable internet usually comes with a fixed price. This means, you don’t have to worry about service prices raising suddenly and unexpectedly, something which ISPs are notoriously known to do for monthly internet plans.

But where contract cable internet has its advantages, it also has one major disadvantage.

The bad of contract cable internet

The one and only disadvantage of a contract cable internet service is:

You can’t break up your contract without paying an early termination fee (ETF).

Most cable internet contracts are offered and signed on a 24-month term period. Should you choose to end the contract before that, whatever the reason may be, you’ll have to pay a penalty to your internet service provider.

How much can you expect to pay in early termination fee?

There isn’t any fixed amount; the ETF clause varies from provider to provider. The fee is usually calculated as the sum of the service fee for every month remaining in the contract.

What if you don’t pay the fee and still break the contract?

In that case your internet provider has the right by law to file a lawsuit against you.

The takeaway from all this?

If you’re planning to live at your current address for a foreseeable future, then a contract cable internet might be the right option for you. However, if you’re a tenant or have moving plans, then a contract internet service is a “definite” no-go for you; instead, you should look for a monthly internet package.

A small brief about cable internet contract fees

A cable internet contract has the following main fee components:

·         Installation fee

·         Equipment leasing fee

·         Phone and TV service fee (if you’ve bought a bundle)

·         Service fee

You can waive off the equipment leasing fee by purchasing the equipment on your own. If you have leased the equipment, make sure to return it back to your internet service provider after the contract has ended.

Looking for the best contract cable internet service provider in your area?

KonectEaze can help you!

We’re a leading online marketplace for home and office internet service shopping needs, resourcing up-to-date data of the top internet service providers in the country. Using our website, you can compare different internet providers in your area and shop for the best internet plans for your home or office.

Start your cable internet service shopping today with KonectEaze.