Holdover Clause
/ˈhoʊlˌoʊvər klɔːz/
Definitions
- (n.) A provision in a lease or contract that allows the tenant or party to continue occupancy or rights after the original term expires until a new agreement is made or possession is surrendered.
The holdover clause permitted the tenant to remain in the apartment while lease renewal negotiations were underway.
Forms
- holdover clauses
Related terms
See also
Commentary
Holdover clauses help clarify the rights and obligations of parties during the period immediately following expiration of a lease or contract, avoiding disputes over unauthorized possession.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.