holdover tenant

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.)
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Generally, she said, an owner might abandon the property, and a holdover tenant will find himself not having to pay rent, but without heat and hot water.
14, 2002, and determined VMI was a holdover tenant during this four-month period.
CPC currently is waiting for a DOE holdover tenant to vacate the property.
4% of the NRA, is currently a holdover tenant on an 18-month renewal following its May 2010 lease expirations.
The court's judgment of possession ruling underscores our position that Meridien operated our Dallas hotel as a wrongful holdover tenant and committed an event of default as defined in our lease agreement with Meridien.
These same rules apply to a holdover tenant whose lease has terminated.
Holdover Tenant is a tenancy whereby a lessee retains possession of a leased property after the lease has expired and the landlord, by continuing to accept rent, agrees to the tenant's occupancy.
The case began in 1990, when the hotel owners sought to evict William Hargrove as a holdover tenant who had long before ceased paying his $6 nightly rent.
Sheffield57 officials denied that Swig ever wanted to evict the tenants, and argued that holdover tenants are normally required to vacate an apartment once a lease expires.
Six of the eight holdover tenants signed renewals and committed to moving to new locations within the center and to performing substantial upgrades to their space finish.
After MKF took title to the property, it evicted holdover tenants and, in January 2013, the company began meeting with Metropolitan Pavilion, signing the tenant after a two-week, fast-track lease negotiation process.