How much can a landlord legaly charge for holdover rent?
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How much can a landlord legaly charge for holdover rent?
Is it double the amont or triple the amount of the original rent?
Asked on October 13, 2011 under Real Estate Law, Wisconsin
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 13 years ago | Contributor
If the term of your lease has come to an end, you need to carefully read your written lease agreement in that its terms and conditions control the obligations owed to you and vice versa in the absence of conflicting state law. If there is a provision in the presumed written agreement about monthly rental after the term of your lease ends, its provisions control.
If there is no provision as to what the monthly rent will be as a holdover tenant and there is no oral agreement between you and your landlord as to what the monthly rental will be, then the amount that you were paying before the lease came to an end should be what your rental rate should be.
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