Property Management
Under Vermont law, a commercial tenant who holds over (remains in the property after the lease expires) without a new agreement creates a:
ATenancy for years automatically renewed for the original term
BTenancy at will or tenancy at sufferance, depending on the landlord's response✓ Correct
CPermanent leasehold interest
DRight of first refusal to purchase the property
Explanation
When a tenant holds over after lease expiration, a tenancy at will may be created if the landlord accepts rent, or a tenancy at sufferance if the landlord does not consent. The terms of the holdover tenancy depend on the landlord's actions.
Related Vermont Property Management Questions
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