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A homeowner (often the only one) who refuses to sell to make way for a new development. For example, if a company attempts to buy all the houses in a neighborhood to make way for a shopping center, a holdout is the one who does not sell. Holdouts can force the buyer to abandon or redesign the project.
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A property owner who refuses to sell to a developer who is purchasing a number of separate parcels in order to put them together—an assemblage—for development. Sometimes the practice results in an offer vastly in excess of market price,because the holdout controls the success of the entire project.Other times, developers go back to the drawing board and redesign the project, leaving the holdout with no offer at all and what could turn into very unpleasant living conditions due to being surrounded by parking lots and 24-hour high-intensity lighting.Developers often avoid the problem by purchasing options rather than properties,so that if a critical property owner refuses to sell,the developer can abandon the entire project with a minimal expenditure.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
"IS launched a broad attack on the village of Al-Bahra next to its holdout, taking advantage of the fog," Abdel Rahman said.
He also has not suffered any wear and tear this season, by virtue of his holdout. Replacement running back James Conner has accrued 850 rushing yards on 4.6 yards per carry this season with 9 touchdowns, which could influence Pittsburgh's decision.
Last Thursday marked exactly one year since Mitch Trubisky signed, but because camp still was a week away, Trubisky was not a holdout.
All of us holdouts, young adults who survived the brutal Japanese occupation, are 85+ years of age, said to be the fastest growing age group in developed countries such as the United States and Japan.
potentially be seized by holdout creditors who might still be entitled
All entries are Pareto superior to the H-H (strike) outcome, but because C-H dominates concede-concede for the firm, and hold out-concede dominates C-C for the union, it is in each party's best interest to threaten to take a holdout strategy, hoping that its rival will be scared into conceding.
Griesa decided in favour of the holdouts (largely so-called vulture funds), ruling that they had not received equal treatment and thus that Argentina could not make payments on its restructured debt until it paid the holdouts.
The Argentine congress has approved legislation to remove the Lock Law and Sovereign Payments Law (two pieces of legislation that prevented authorities from negotiating with holdouts), and the government has successfully raised funds to pay for the settlement with holdout creditors.
(10) This all changed drastically, however, following Judge Griesa's recent ruling that the pari passu clause (11) of the sovereign bond agreement should be interpreted to mean that Argentina cannot make any payments to bondholders who had previously restructured their debt as part of the 2005 and 2010 bond exchanges unless the country also repaid the holdout funds in full at the same time.
Thirty extremists were killed on Tuesday in attacks on two camps on the fringes of the Islamic insurgents' holdout in Sambisa Forest, according to a Defence Headquarters statement.
A panel member, known as Juror 17, said they put huge pressure on the holdout - including asking for a gruesome 45-minute video of the slaughter scene.