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  3. Finance (general)

Holdover Tenancy

23:25 Dec 30, 2013
This question was closed without grading. Reason: Other

English to Slovak translations [Non-PRO]
Bus/Financial - Finance (general) / Property contracts
English term or phrase: Holdover Tenancy
Definition of 'Holdover Tenant'


A renter who remains in a property after the expiration of the lease. If the landlord continues to accept rent payments, the holdover tenant can continue to legally occupy the property. State laws and court rulings determine how long the holdover tenant's new rental term is if the landlord accepts rent. If the landlord does not accept further rent payments, the tenant is considered to be trespassing if he does not promptly move out, and eviction may be necessary to force the tenant to leave.
Sofia444
United Kingdom



  

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