Holdover Tenancy Legal Meaning and Definition

Here is a simplified definition of the legal term Holdover Tenancy.

Holdover Tenancy (noun)

Holdover Tenancy is when a renter continues to live in a property post the expiration of the lease, without getting an extension or a new lease agreement. Despite the absence of the landlord's permission or a new formal agreement, the tenant remains in the property. It is governed by the same rules as their original lease unless specified otherwise. This situation can occur in residential, commercial, and other types of rental properties.