DEFINITION of 'Tenancy At Sufferance'

An agreement in which a property renter is permitted to live in a property after a lease term has expired, but before the landlord demands the tenant vacate the property. If a tenancy at sufferance occurs, the original lease conditions must be met, including the payment of any rents. Otherwise, the tenant can be evicted at any time without notice.

BREAKING DOWN 'Tenancy At Sufferance'

A tenancy at sufferance, also termed "estate at sufferance" or "holdover tenancy", arises when a tenant who has a lawful possession of a property (for example, a lease) holds over without the owner's consent. The only difference between a tenant at sufferance and trespasser is that the tenant entered into possession in a legal manner but has now overstayed his or her welcome.

RELATED TERMS
  1. Tenancy At Will

    A tenancy agreement where a tenant occupies property with the ...
  2. Gross Lease

    A type of commercial lease where the landlord pays for the building's ...
  3. Holdover Tenant

    A renter who remains in a property after the expiration of the ...
  4. Double Net Lease

    An agreement in which the tenant is responsible for both property ...
  5. Single Net Lease

    A commercial real estate lease agreement in which the tenant ...
  6. Lease

    A legal document outlining the terms under which one party agrees ...
Related Articles
  1. Managing Wealth

    Nonfreehold Estates In Real Property

    If you have an interest in real estate, read on to find out which type of property you have.
  2. Investing

    How Does a Modified Gross Lease Work?

    A modified gross lease is a rental agreement where, in addition to their rent, tenants pay a share of other costs associated with the property.
  3. Managing Wealth

    11 Mistakes Inexperienced Landlords Make

    Avoid these pitfalls if you considering purchasing a rental property.
  4. Investing

    How To Rent Out Your Spare Room

    If you have extra space in your house, why not rent it out, especially during the school term, to help pay the mortgage?
  5. Managing Wealth

    Millennials Guide: How To Read a Lease

    Everything you need to know before you rent a home.
  6. Retirement

    Could Being a Landlord Pay for Your Retirement?

    If you have the money to buy them and the energy to run them – or the funds to pay a good manager – rental properties can help pay for your retirement.
RELATED FAQS
  1. What are the differences between single, double and triple-net leases?

    Learn the ins and outs of net lease agreements, including the key differences between single net, double net and triple net ... Read Answer >>
  2. Among the following property ownership arrangements, which may be entered into by ...

    The correct answer is b): Tenancy by the entirety and Community property are ownership arrangements that can only be between ... Read Answer >>
  3. What kinds of real estate transactions use triple net (NNN) leases?

    Learn how a net-net-net or triple net lease works and why it is popular in commercial real estate transactions. It is also ... Read Answer >>
  4. How does the value of the real estate impact the value of a triple net (NNN) lease?

    Understand how the value of the real estate involved in a triple-net lease impacts the value of the lease both positively ... Read Answer >>
  5. What key requirements must be met for the IRS to classify changes or alterations ...

    Learn the requirements needed to qualify for Internal Revenue Service tax breaks under the qualified lease improvement on ... Read Answer >>
Hot Definitions
  1. Ex-Dividend

    A classification of trading shares when a declared dividend belongs to the seller rather than the buyer. A stock will be ...
  2. Debt Security

    Any debt instrument that can be bought or sold between two parties and has basic terms defined, such as notional amount (amount ...
  3. Taxable Income

    Taxable income is described as gross income or adjusted gross income minus any deductions, exemptions or other adjustments ...
  4. Chartered Financial Analyst - CFA

    A professional designation given by the CFA Institute (formerly AIMR) that measures the competence and integrity of financial ...
  5. Initial Coin Offering (ICO)

    An Initial Coin Offering (ICO) is an unregulated means by which funds are raised for a new cryptocurrency venture.
  6. The Bernie Madoff Story

    Bernie Madoff ran a multibillion-dollar Ponzi scheme that is considered the largest financial fraud of all time.
Trading Center