Definition - What does Holdover Tenancy mean?
Holdover tenancy is when a tenant continues to occupy a piece of real property after the lease expires. If the landlord wants the tenant to stay, then the tenant can legally stay and continue to make rent payments at the pre-established rate. However, if the landlord would like the tenant to leve, then the tenant must leave, or face eviction.
Justipedia explains Holdover Tenancy
An example of a holdover tenancy would be a situation where a tenant in an apartment had her lease expire on June 31st, yet she continued to occupy the apartment through July and August, and simply made rent payments to the landlord. This situation legally could continue as long as the landlord allowed it. In holdover tenancies, the landlord has the full power to decide whether or not the tenant can continue to occupy the premises.