Common use of Overholding Clause in Contracts

Overholding. In the event that the Tenant(s) or Subtenant(s) or occupant(s) fail to vacate on or before the time specified in the Tenancy Agreement or after the Landlord gives legal notice, the Tenant is liable to continue to pay Rent to the Landlord for such overholding. The Tenant(s) is also required to reimburse the Landlord for all losses suffered because of the Landlord's liability to any third party with respect to a new tenancy agreement for the Rental Unit based upon the anticipated availability of the Rental Unit at the end of the Term or following termination of the tenancy.

Appears in 8 contracts

Sources: Tenancy Agreement, Tenancy Agreement, Tenancy Agreement