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When a commercial tenant stays in its space after its lease term expires, it becomes a “holdover” tenant. The most common reason for a holdover is the tenant's inability to move because its new space isn't ready yet. As a result of a tenant's mismanaging its relocation, a lengthy holdover situation can become a very complicated and costly trap for the owner. Avoid this trap by discouraging tenants from holding over: Include a costly and inconvenient holdover clause in the lease agreement.
