What do you call a tenant that continues to occupy a rental premise after their lease has expired?

Prepare for the Montana Property Management Exam. Discover comprehensive flashcards and multiple-choice questions, with hints and detailed explanations. Excel in your exam journey!

A tenant that continues to occupy a rental property after their lease has expired is referred to as a holdover tenant. This term is used in property management and real estate contexts to describe a specific situation where the tenant remains in the premises without a current lease agreement.

Holdover tenants may not have the legal right to remain in the property, depending on the landlord's policies and local laws. The implications of this status can vary; in some cases, the landlord might choose to accept rent and establish a new tenancy agreement, while in others, they may initiate eviction proceedings. The holdover period often requires clear communication between both parties regarding the tenant's continued occupancy and any associated terms or conditions.

The other choices represent different real estate concepts. A sublessee is someone who rents a property from a tenant rather than directly from the landlord, and a lessor refers to the property owner or landlord who leases out the premises. The term “tenant with joint serverability” does not accurately describe any standard leasing or property management status, and therefore is not relevant to the scenario of a tenant remaining in a property post-lease expiration.

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