Definition
A holdover tenant may become a month-to-month tenant or be subject to a holdover rent premium, depending on the lease and state law.
A tenant who remains after the lease term ends without a new lease.
A holdover tenant may become a month-to-month tenant or be subject to a holdover rent premium, depending on the lease and state law.
A lease ended March 31 and the resident stays into April without a renewal — they're a holdover.
Charges beyond base rent that the lease treats as rent for enforcement purposes.
Verifying credit, eviction history, income, and references for a rental applicant.
Net operating income divided by property value, expressed as a percentage.
The pro-rata share of shared-space upkeep charged to commercial tenants.
The state of a resident being past due on rent or other lease charges.
Money held by a third party until a specific condition is met.