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- Example: “ If Lessee holds possession of the Premises after the Term of this Lease, Lessee shall become a tenant from month to month under the provisions herein provided, but at a monthly basic rental equal to 150% of the then monthly basic rental for the first month of such holdover … and such tenancy shall continue until terminated by Lessor or Lessee with at least thirty (30) days prior written notice of intent to terminate such tenancy.Learn more:Example: “ If Lessee holds possession of the Premises after the Term of this Lease, Lessee shall become a tenant from month to month under the provisions herein provided, but at a monthly basic rental equal to 150% of the then monthly basic rental for the first month of such holdover … and such tenancy shall continue until terminated by Lessor or Lessee with at least thirty (30) days prior written notice of intent to terminate such tenancy.www.gavel.io/legal-clause/holdover-clauseFor example, let’s say a tenant was paying a gross rent of $12 per square foot per year when the lease on a 5,000 square-foot space ended. If the tenant decided to exercise the holdover clause and stay in the space without signing a new lease, the new rent might be $18 or even $24 per square foot.www.commercialcafe.com/blog/holdover-clause-co…
Landlords should include the following information in their holdover clause:
- What will happen if a tenant stays past the end of their lease (e.g., rent increase, month-to-month tenancy, or eviction)
- Percentage of rent increase (if applicable)
- Required eviction notice from the landlord (if applicable)
- Acknowledgment that the tenants will be held liable for any financial damages caused by the holdover period
- Any additional terms or conditions
ipropertymanagement.com/templates/holdover-cla… - People also ask
Free Sample Holdover Clause for Lease Agreements
Nov 20, 2023 · A holdover clause gives landlords financial protection from tenants who overstay their lease term. For example, landlords may enforce a rent increase for holdover tenants—encouraging them to either renew their lease or move out in a timely manner.
Holdover Clause Guide: Examples, Gotcha’s & More - Gavel
When a tenant stays past the end of the lease, without renewing or extending the term, the tenant is a “holdover tenant.”. In that situation, the existence of a holdover clause in a lease contract …
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Examples of holdover clauses in contracts | Afterpattern
HOLDOVER. If Tenant maintains possession of the Premises for any period after the termination of this Lease (" Holdover Period"), Tenant shall pay to Landlord lease payment (s) during the …
Holdover Sample Clauses: 4k Samples - Law Insider
If Tenant holds over with the consent of Landlord: (a) the Base Rent payable shall be increased to 150% of the Base Rent applicable during the month immediately preceding such expiration or …
TENANT'S HOLDOVER Sample Clauses: 130 Samples - Law …
TENANT'S HOLDOVER. If Tenant does not provide timely written notice to Landlord of Tenant's intent to surrender or Tenant does not vacate the Property at the end of the Lease term or …
Holdover Clause: Essential Overview for Contracts | fynk
Discover how a Holdover clause protects property interests after lease expiration, ensuring your rights and obligations are clearly defined and secure.
What is a Holdover Clause and Why is it important?
A holdover clause is a provision in a lease agreement that outlines the terms and conditions for a tenant remaining in a rental property after the lease has expired. It allows the tenant to …
Hold Over Sample Clauses: 651 Samples - Law Insider
Hold Over. If Tenant fails to surrender the Premises on the day after the expiration or termination of the Term, then Tenant shall, at Landlord's election, become a Tenant at sufferance at a …
The Hold Over Clause and The High Stakes of Holdover Tenancy
Aug 13, 2024 · When a tenant continues to occupy the space after the lease has expired, they may trigger the landlord's holdover clause. A holdover clause is a provision in a commercial …
Example clauses for Holdover - AllDrafts
Any holding over by Tenant after the expiration of the Term of this Lease shall be treated as a tenancy at sufferance. Nothing in this [Article 18] shall be deemed to be a waiver of any of …
Staying past the end of the lease (Holding Over) - People's Law
May 2, 2023 · Holding Over is when a tenant continues to live in a premises after the lease has expired. When a landlord consents to a holdover tenant remaining on the premises, a new …
HOLDOVER BY TENANT Sample Clauses: 152 Samples - Law …
HOLDOVER BY TENANT. The parties recognize and agree that the damage to Landlord resulting from any failure by Tenant to timely surrender possession of the Premises as aforesaid will be …
What is a Holdover Clause in Commercial Real Estate Leases
Jan 8, 2020 · The holdover clause in a commercial real estate lease generally says that if the tenant stays in the space it is leasing after the lease expires, then the tenant must pay an …
Understanding The Holdover Clause - Richard Plehn
It is common for a commercial lease to provide for a holdover tenancy, the “Holdover Clause,” typically at a significantly greater total occupancy cost. The intent is to establish up front the …
Holding Over Contract Clause Examples | Business Contracts
Holding Over. If Tenant holds over after the expiration of the Lease Term or earlier termination thereof, with the express or implied consent of Landlord, such tenancy shall be from month-to …
LEASE HOLDOVER Sample Clauses - Law Insider
LEASE HOLDOVER. Tenant agrees to move out peaceably when the Lease is ended. If Tenant or any one or more of the Tenants fails to vacate the apartment at the end of this Lease or any …
Hold-over clauses in commercial leases: Who cares? That depends
Aug 12, 2024 · A hold-over clause in a commercial lease typically provides that if a tenant remains in possession of the leased premises after the expiration of the stated lease term, the tenant …
HOLDOVER TENANCY Sample Clauses: 433 Samples - Law …
HOLDOVER TENANCY. Tenant agrees that it must surrender possession of the Premises to Landlord on the Expiration Date or earlier termination of the Term.
Holdover Tenant: Definition and Legal Rights - Investopedia
Jan 12, 2021 · A holdover tenant is a tenant who continues to pay rent, even after the lease has expired. The landlord must also agree, or else eviction proceedings may occur.
Holdover Rent Sample Clauses: 157 Samples - Law Insider
Holdover Rent. Without limiting Landlord 's rights and remedies, if Tenant holds over in possession of the Premises beyond the end of the Lease Term, during the holdover period the …
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