holdover tenant

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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.)
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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(37) A tenant who remains in possession of the hotel room after the expiration of the deadline identified in these notices may be treated as a holdover tenant. (38) In what can be considered a bright spot for the hotel, holdover tenants may be subject to an action for eviction and for "double the amount of rent due on the [hotel room], or any part thereof, for the period during which the tenant refuses to surrender possession." (39) Furthermore, the hotel can recover attorneys' fees in such an action.
Facing more than $12 million in tax liens and a Chapter 11 bankruptcy, the current owner, a holding company called Bridge Associates of SoHo, Inc., attempted to evict the residents from the property by arguing that they were holdover tenants who had not paid rent in decades and therefore had no legal standing to be in the building.
The Welches are holdover tenants with no legal rights to occupy or remain on the property."
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.