H
What occurs when a tenant remains in possession of a space after the lease term expires without a formal renewal or extension.
Holdover occurs when a tenant remains in possession of a space after the lease term expires without completing a formal renewal or extension. The lease typically specifies the rent and conditions applicable during the holdover period.
Holdover rent can be significantly higher than normal rent and may create additional liability. REAL can identify lease expiration dates, renewal options, notice requirements and holdover provisions before deadlines are missed.
REAL
REAL extracts and structures this field from your documents so your team can act on it — no manual abstraction required.