What happens to a holdover tenant at the end of a lease term?

Study for the Oregon Pre-License Property Management Exam with interactive flashcards and multiple-choice questions. Each question features detailed explanations and tips. Boost your confidence and get ready for your licensing exam today!

A holdover tenant is someone who remains in a rental property after their lease has expired without having a new lease in place. In many jurisdictions, including Oregon, when a holdover tenant continues to occupy the property without a new agreement, they can be considered a month-to-month tenant. This transition typically occurs unless the original lease specifies different arrangements or the landlord and tenant agree to other terms.

This arrangement allows for a more flexible tenancy, where the holdover tenant can stay on and pay rent on a month-to-month basis, reflecting the usual rental market practices. It's important for landlords to communicate clearly regarding the terms of occupancy following the expiration of a lease, as misunderstandings can lead to legal disputes.

In contrast, the other options suggest immediate actions that either do not align with tenant rights or are not standard practices. It is crucial for property managers and landlords to understand these nuances to ensure compliant and effective management of rental agreements.

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