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What does it mean when a tenant is holding over?

A tenant that remains in occupancy of its leased premises after the expiration of the lease term. Leases often impose penalties for a tenant holding over.

What is holdover clause in real estate?

The holdover clause, also known as the holdover rent clause, is one of the most docHub terms to negotiate in a real estate agreement. This provision is critical for both landlord and tenants because it prohibits the former from re-letting the space while increasing the amount of rent a tenant pays.

What is a holdover tenant in NJ?

A holdover tenant is a renter who remains in a property after the expiration of the lease. If the landlord continues to accept rent payments, the holdover tenant can continue to legally occupy the property, and state laws and court rulings determine the length of the holdover tenants new rental term.

What does it mean when a tenant is holding over?

Holding over is simply a tenant remaining in occupation of premises once the original term of their letting has come to an end.

What does holding over mean in legal terms?

Holding over means to continue for a prolonged period of time. In the context of property law, holding over is defined as the act of continued occupancy by the tenant of premises past the lease or agreement terms, with or without the consent of the landlord as cited in the case of Leone v. Bilyeu 238 S.W.

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