Business Terms and Jargon Explained
What is Holdover Tenancy
This is where the tenant still occupies the property after the tenancy agreement has expired. The tenant still pays the monthly rent at the rate as per the agreement that has expired and on the same terms. The landlord accepts the rent without admitting that the tenant is legally a tenant or that the tenancy agreement has been extended. The landlord can give notice to quit at any time.
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Term created / updated 2014-03-18 16:53:31
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