Common use of Holdover Clause in Contracts

Holdover. Should Tenant remain in possession of the Premises after the cancellation, expiration or sooner termination of the Lease, or any renewal thereof, without the execution of a new Lease or addendum, such holding over in the absence of a written agreement to the contrary shall be deemed, if Landlord so elects, to have created and be construed to be a tenancy from month to month, terminable upon thirty (30) days’ notice by either party.

Appears in 19 contracts

Samples: Connecticut Commercial Lease Agreement, Massachusetts Commercial Lease Agreement, Arizona Commercial Lease Agreement

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Holdover. Should Tenant remain in possession of the Premises after the cancellation, expiration expiration, or sooner termination of the Leasethis Agreement, or any renewal thereof, without the execution of a new Lease agreement or addendum, such holding over in the absence of a written agreement to the contrary shall be deemed, if Landlord so elects, to have created and be construed to be a tenancy from month to month, terminable upon thirty (30) days’ notice by either party.

Appears in 9 contracts

Samples: Illinois Commercial Lease Agreement, Nebraska Commercial Lease Agreement, North Carolina Commercial Lease Agreement

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