What is the definition of a "holdover tenant"?

A holdover tenant is defined as a tenant who remains in the property after their lease has expired. This situation arises when the lease term ends, but the tenant continues to occupy the rental unit without the landlord's consent. Holdover tenants can create legal complexities because they may be considered either to have no right to remain or may be granted a month-to-month tenancy depending on the local rental laws and the specifics of their previous lease agreement.

This definition is significant in real estate and property management because it impacts the landlord's rights and responsibilities. For example, landlords often need to decide whether to accept the holdover tenant’s continued occupancy, which can lead to different rental terms or the pursuit of eviction. Understanding the implications of a holdover tenancy helps both landlords and tenants navigate potential disputes effectively.