Holding over by tenant after giving notice of quitting; double rent recoverable If a tenant of real estate shall give notice of his intention to quit the premises by him held at a It can occur with or without the landlords consent. HOLD OVER TENANT DOUBLE RENT N.J.S.A. Real-estate owned (REO) Real-estate owned is a designation given to properties which are owned by a lender due to an unsuccessful foreclosure sale at auction. 150% of current rate) until they vacate or renegotiate the lease. It is for information purposes only, and any links provided are for the user's convenience. Every home sale starts with a real estate purchase agreement—a contract signed by buyers and sellers with the purchase price, closing date, and other terms. I signed a two year lease that expires on 9/30/2010. Holding Over – A situation whereby a tenant is still occupying the space after their lease has expired. A holdover proceeding is a proceeding to evict a tenant on any grounds other than the nonpayment of rent. Here are the remedies. The same can be said about Realtors (real estate sales representatives, brokers and brokerages) who take over a listing immediately upon its expiry or termination, that was previously listed with a different Realtor. Under Arizona law, a holdover tenant refers to a tenant that still remains in the leased premises after the expiration of the lease. In a fiduciary capacity, it is the duty of the real estate agent or broker to protect the clients' privacy and keep all information confidential, unless required to … 2A:42-5 and 2A:42-6 Printed February 2008 2A:42-5. If you choose to evict the hold-over tenant, your attorney can help guide you through the judicial process necessary for eviction. Fiduciary duties vary by state real estate statute, but one example common to all is "confidentiality" of the client's information. 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