What term refers to a tenant who continues to occupy property after their lease has expired?

Study for the New Mexico Broker State Exam. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

The term that refers to a tenant who continues to occupy property after their lease has expired is "holdover tenant." This designation applies when a tenant remains in the property beyond the end of their lease agreement without the landlord's consent to extend the lease formally. The legal implications of being a holdover tenant can vary depending on state laws and the specific terms of the original lease, but generally, landlords may have the right to begin eviction proceedings against holdover tenants or may choose to accept rent for the extended occupancy, which could potentially create a month-to-month tenancy.

The other terms provided in the choices do not accurately reflect the situation of a tenant who stays beyond their lease. A subtenant is someone who rents from the original tenant rather than the property owner, while a lessee is simply another term for a tenant within the context of a lease agreement. A property manager refers to an individual or company responsible for managing real estate properties on behalf of the owner, and does not pertain to the occupancy status of a tenant.

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