Contracts
In New York, a 'holdover clause' in a residential lease typically converts the tenancy to:
AA permanent tenancy
BA month-to-month tenancy at the same or modified rental terms✓ Correct
CAn automatic lease renewal for the same term
DA tenancy at will only
Explanation
When a tenant stays beyond the lease term (holds over), New York law and most lease holdover clauses convert the tenancy to a month-to-month arrangement (periodic tenancy) at the same or modified rent, which can be terminated by either party with proper notice.
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