| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 3,899,238,506 visitors served. |
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
holdover tenant |
0.01 sec. |
|
|
Holdover Tenant A tenant who remains in possession of a rented residence or office after the expiration of the lease. The holdover tenant may be evicted, but is often permitted to remain on a month-to-month basis. However, some leases avoid the situation entirely by automatically renewing unless one party or the other elects in advance not to do so. 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.)Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
|
| Financial Dictionary |
| Free Tools: |
For surfers:
Free toolbar & extensions |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup |
|---|