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Holdovers can be a nightmare for landlords. When tenants don’t clear out after their lease expires, you may have to go to court to evict them. Meanwhile, the replacement tenant can’t move into the space and could end up suing you. Or, if you haven’t yet re-rented the space, the presence of the holdover tenant may hinder your efforts to find a new tenant. Adding insult to injury, if the rental market is hot, the holdover tenant may end up paying you much less rent than the space would otherwise command.
