Sometimes tenants refuse to leave the property after their lease expires and they don't renew. Called holdover tenants, these types of renters can cost landlords thousands of dollars in lost revenue, damages, and legal expenses. While it is not possible to completely avoid holdover tenants, here are two tips for protecting yourself from them.
Establish Expectations in the Lease
Reducing your risk of having holdover tenants starts with setting boundaries and expectations at the beginning of your business relationship via the lease.