HOLDOVER TENANCY definition

HOLDOVER TENANCY means a tenancy arising when a person who has been in lawful possession of property wrongfully remains in possession as a holdover after his or her rental agreement has expired.
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HOLDOVER TENANCY. If Lessee holds possession of the Premises after the Term of this Lease, Lessee shall become a tenant from month to month under the provisions herein provided, but at a monthly basic rental equal to 150% of the then monthly basic rental for the first month of such holdover and thereafter as provided for pursuant to N.J.S.A. 2A:42-6 and without the requirement for demand or notice by Lessor to Lessee demanding delivery of possession of said Premises (but Additional Rent shall continue as provided in this Lease), which sum shall be payable in advance on the first day of each month, and such tenancy shall continue until terminated by Lessor, or until Lessee shall have given to Lessor, at least sixty (60) days prior to the intended date of termination, a written notice of intent to terminate such tenancy, which termination date must be as of the end of a calendar month.
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Examples of HOLDOVER TENANCY in a sentence

  • SECTION 27 HOLDOVER TENANCY ------------- any further term; and (iii) such tenancy may be terminated by Landlord upon the earlier of thirty (30) days prior written notice or the earliest date permitted by law.

  • HOLDOVER TENANCY.........................................................................

  • HOLDOVER TENANCY: ....................................................

  • HOLDOVER TENANCY.....................................................

  • HOLDOVER TENANCY:.....................................................................

  • SECTION THIRTY-SEVEN HOLD-OVER TENANCY If (without execution of a new lease agreement or written extension) lessee shall hold over after the expiration of the term of this lease agreement, lessee shall be deemed to be occupying the demised premises as a tenant from month-to-month, which tenancy may be terminated as provided by law.

  • HOLDOVER TENANCY.......................................................................................

  • IF LESSEE CONTINUES IN POSSESSION OF THE LEASED PREMISES OR ANY PORTION THEREOF AFTER THE TERMINATION OF THIS LEASE, ▇▇▇▇▇▇'S INDEMNITY OBLIGATIONS AS SET FORTH HEREIN SHALL CONTINUE TO BE APPLICABLE SO LONG AS LESSEE CONTINUES TO BE IN POSSESSION THEREOF, REGARDLESS OF WHETHER LESSEE'S HOLDOVER TENANCY MIGHT BE A TENANCY AT SUFFERANCE OR SOME OTHER TYPE OF TENANCY.

  • SURRENDER OF PREMISES; HOLD-OVER TENANCY 21.1 Surrender of Premises 21.2 Hold-Over Tenancy 22.

Related to HOLDOVER TENANCY

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Sublessee means any party to whom Lessee grants the right to possess all or any portion of the Premises according to a Sublease.

  • Sublandlord means the holder of sublandlord’s interest under this Sublease. In the event of any assignment or transfer of the Sublandlord’s interest under this Sublease, which assignment or transfer may occur at any time during the Term in Sublandlord’s sole discretion, Sublandlord shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord hereunder accruing subsequent to the date of the transfer and it shall be deemed and construed, without further agreement between the parties hereto, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunder. Sublandlord may transfer and deliver the then existing Letter of Credit to the transferee of Sublandlord’s interest under this Sublease, and thereupon Sublandlord shall be discharged from any further liability with respect thereto. In addition, Sublandlord shall comply with all of its obligations as “Tenant” under the Master Lease except to the extent that any such obligation is the obligation of Subtenant pursuant to the terms of this Sublease. Notwithstanding any other term or provision of this Sublease, the liability of Subtenant to Sublandlord for any default in Subtenant’s obligations under this Sublease shall be limited to actual, direct damages, and under no circumstances shall Sublandlord, its partners, members, shareholders, directors, agents, officers, employees, contractors, sublessees, successors and/or assigns be entitled to recover from Subtenant (or otherwise be indemnified by Subtenant) for lost revenues, lost profit or other consequential, special or punitive damages arising in connection with this Sublease for any reason, except for any breach by Subtenant under Section 12 of the Master Lease. Notwithstanding any other term or provision of this Sublease, no personal liability shall at any time be asserted or enforceable against Subtenant’s shareholders, directors, officers, or partners on account of any of Subtenant’s obligations or actions under this Sublease.

  • Subtenant means any Person entitled to occupy, use, or possess any Premises under a Sublease.

  • Subleased Premises means all that portion of the Leased Premises referred to as airport lot as outlined on the site diagram attached as Schedule "A" to this Sublease; and