holdover tenancy

Definition of "holdover tenancy"
  1. When a tenant continues to live in a rental property after the lease has expired without the landlord's consent. During this period, the tenant must still adhere to the initial rental agreement's terms and conditions, including paying rent
How to use "holdover tenancy" in a sentence
  1. Due to unresolved disputes, Mr. Smith faced holdover tenancy as his residency extended beyond the agreed lease.
  2. If not addressed promptly, holdover tenancy can lead to legal implications for the tenant.
  3. To prevent holdover tenancy, it is essential to renew the lease contract in due time.

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