What do you call a tenant who does not vacate the premises upon lease expiration?

Prepare for the New York Real Estate Salesperson Test with interactive multiple choice questions and detailed explanations on each topic. Study effectively and pass your exam with confidence!

A tenant who does not vacate the premises upon the expiration of their lease is referred to as a holdover tenant. This term specifically describes the situation where a tenant remains in possession of the leased property after their lease has ended, without the landlord's consent to stay.

In such a case, the landlord has the right to either accept rent for the extended period of occupancy or initiate eviction proceedings. The holdover status can sometimes lead to legal complications, as tenants may believe they have an implied right to continue their stay, while landlords may view the situation as unauthorized occupancy. The concept of a holdover tenant is important in real estate law as it defines the rights and responsibilities of both the tenant and the landlord in such situations.

This understanding highlights the significance of lease agreements and the need for clear communication about timing and renewal options.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy