holdoveri

Holdoveri refers to a person, group, or entity that remains in possession of a property after their right to occupy it has legally expired. This situation typically arises when a lease agreement ends, a license to occupy is terminated, or a tenant fails to vacate after a court order for eviction. The term "holdover" specifically denotes the act of staying beyond the permitted term.

In legal terms, a holdover tenant's status can vary. In some jurisdictions, they may automatically become a tenant at sufferance, meaning they are occupying the property without the landlord's consent but without active objection, and without the rights of a formal tenant. In other cases, a landlord might choose to accept rent, which could potentially create a new tenancy, often on a month-to-month basis, under the original lease terms or modified conditions. However, landlords are generally not obligated to accept rent from a holdover tenant and can pursue legal remedies to regain possession of the property.

The consequences for a holdover tenant can be significant. They may be liable for damages, including increased rent (often at a penalty rate specified in the original lease), legal fees incurred by the landlord in eviction proceedings, and any losses the landlord suffers due to the tenant's continued occupancy. Landlords have the right to initiate eviction proceedings to legally remove a holdover tenant. The specific laws governing holdover situations differ by jurisdiction.