Holdover clauses in commercial leases can have serious financial repercussions. When a tenant remains in their space after the lease term ends, the rent can double, triple, or even more, and tenants can be held responsible for consequential damages. In this video, Don Catalano, SIOR, CCIM, MCR, from iOptimize Realty, breaks down the risks associated with holdover clauses and how working with a skilled tenant representative can help you avoid these costly mistakes.

What You’ll Learn in This Video:

• How Holdover Clauses Can Lead to Skyrocketing Rent
• The Potential for Consequential Damages Under a Holdover Clause
• Strategies to Negotiate Better Lease Terms
• Why a Tenant Rep is Essential for Avoiding Holdover Traps
• How to Protect Your Business From Unexpected Costs

Want to learn more? Check out our article on The Hold Over Clause and The High Stakes of Holdover Tenancy.