Enter to open, tab to navigate, enter to select
Holdover Tenant
Practical Law Glossary Item 6-503-3851 (Approx. 2 pages)
Glossary
Holdover Tenant
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. Penalties are negotiable and vary between the jurisdictions, but typical penalties may include:
- An obligation that the tenant pays 1.5 to 2 times the base rent for each month beyond the expiration date of the lease.
- Recovery by the landlord of any losses or damages sustained as a result of the tenant holding over.