Holdover Tenant | Propertylogy

Holdover Tenant

By on September 13, 2018

A holdover tenant is a term used to describe a tenant who remains in possession of a property he has leased beyond the lease period stated in the tenancy agreement.

The lease has basically expired and the tenant is still there.

For example, a tenant had signed a 1 year lease for an apartment. But after one year, the tenant is still living in it. This makes the him a holdover tenant.

In this case, the tenant will be able to continue living in the apartment as long as rent continues to be paid.

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But landlords will still retain the right to evict him via a proper eviction process.

Depending on local laws, landlords might be able to collect a rental considerably higher than the rent amount stated in the lease that has expired.

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