The elevated rent rate a tenant pays when it remains in occupancy after lease expiration without executing a new lease or extension, typically set at 125–200% of the last contractual base rent.
Holdover provisions penalize tenants for failing to vacate at lease expiration by imposing premium rent — often 150% of the final month's rent — to compensate the landlord for the disruption and the lost opportunity to lease to a new tenant. Some leases convert holdover occupancy into a month-to-month tenancy; others treat it as a tenancy at sufferance that the landlord may terminate immediately. The holdover rate and the lease's characterization of the holdover relationship (month-to-month vs. at-sufferance) are material lease abstract fields that affect both occupancy planning and financial exposure for tenants who need flexibility at lease end.
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