Contracts
In Hawaii, what is a 'holdover' clause in a commercial lease?
AA. A clause allowing the tenant to remain after lease expiration, often at increased rent✓ Correct
BB. A clause requiring the tenant to hold deposits for the landlord
CC. A provision extending the lease term automatically for 5 years
DD. A clause giving the landlord the right to hold the tenant's personal property
Explanation
A holdover clause specifies what happens when a tenant remains in possession after the lease expires, typically converting the tenancy to month-to-month at a higher rent.
Related Hawaii Contracts Questions
- What is 'mutual rescission' in a Hawaii real estate contract and what does it accomplish?
- In Hawaii, what is the 'risk of loss' rule for real estate under contract?
- In Hawaii, what is the legal significance of 'time is of the essence' when stated in a real estate contract?
- In Hawaii, a 'novation' occurs when:
- In Hawaii, which of the following best describes the purpose of an 'inspection contingency' in a purchase contract?
- What is the 'parol evidence rule' in contract law and how does it apply to Hawaii real estate contracts?
- What is 'Hawaii's 5-day buyer reflection period' for residential real estate, if any?
- What is 'earnest money forfeiture' and under what circumstances does it occur in Hawaii?
Practice More Hawaii Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Hawaii Quiz →