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holdover tenant |
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holdover tenant A tenant who remains in possession of leased premises beyond the expiration of a lease term.Most commercial leases,and many residential leases,provide that a holdover tenant will be responsible for rent in an amount 125 to 200 percent greater than current market rents, but accepting the rent does not sacrifice any of the landlord's rights to obtain an eviction. (State laws may place a cap on the amount of increased rent charged to consumers.)How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| These same rules apply to a holdover tenant whose lease has terminated. |
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