6+ Eviction: What is a Holdover Tenant?

what is a holdover tenant

6+ Eviction: What is a Holdover Tenant?

A lessee who stays in possession of a leased property after the expiration of the lease time period turns into a tenant at sufferance. This particular person, by persevering with to occupy the premises with out the owner’s consent, has transitioned into a selected authorized standing. An instance can be a enterprise that continues operations at its leased storefront after the lease’s termination date with out securing a renewal or new settlement with the property proprietor.

The importance of this case lies within the altered rights and obligations of each the property proprietor and the occupant. The proprietor retains the appropriate to provoke eviction proceedings to regain possession of the property. Concurrently, relying on jurisdictional legal guidelines and former lease phrases, the occupant could also be chargeable for hire throughout this era. Traditionally, such tenancies have been typically considered unfavorably, as they created uncertainty and potential disruption for property administration.

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