Which term describes an agreement allowing a tenant to stay on the property after the lease has ended with landlord consent?

The term that best describes an agreement allowing a tenant to stay on the property after the lease has ended with landlord consent is holdover tenancy. In a holdover tenancy, a tenant remains in possession of the rental property after the lease has expired, and the landlord allows this continued occupancy. This situation often arises when the tenant has not vacated the premises, and the landlord chooses not to enforce the eviction immediately, effectively creating a new tenancy under the same lease terms, unless otherwise negotiated.

Understanding this concept is crucial as it deals with tenant rights and landlord responsibilities after a lease officially ends. In contrast, periodic tenancy refers to a lease arrangement that continues for successive periods until terminated by either party. Tenancy at sufferance occurs when a tenant remains in possession of the property without the landlord's consent after the lease has expired, which does not align with landlord approval. Lease continuation is not a standardized legal term and lacks the precise definition found in real estate law. Therefore, holdover tenancy accurately captures the essence of the agreement between the landlord and tenant in this scenario.