Holdovers

Holdovers refers to the persistence of a person, lease, or condition beyond the period in which it is normally expected or authorized. The term is used in several distinct contexts, often with related but jurisdiction-specific rules.

In real estate and leasing, a holdover describes a tenant who remains in possession after a lease has expired or been terminated. A holdover tenancy may create a periodic tenancy under local law, typically with rents and conditions tied to the original agreement or to statutory standards. Landlords may be able to pursue eviction or formal remedies if the tenant does not vacate, and rent terms can change during a holdover period. The specific rights and procedures depend on the jurisdiction and the terms of the original lease.

In government and organizational contexts, a holdover appointment occurs when an official remains in office beyond the end of their term, often because a successor has not yet been confirmed or appointed. Holdovers can provide continuity, but they may raise concerns about accountability and legitimacy. Legal rules governing holdover appointments vary by country and office; some positions have explicit sunset provisions, while others rely on temporary authority or interim arrangements.

In film and entertainment, a holdover describes a movie that continues to be shown in theaters beyond its initial release window, often after strong early performance. Holdover campaigns can extend a film’s box office life, affecting scheduling, marketing, and revenue projections.

Overall, holdovers involve continuation beyond a conventional endpoint. The applicable rules and implications depend on the context and local law.