Overview

A holdover occurs when a resident remains in the rental property after their lease term has ended.

At Apex, this situation is clearly addressed in our lease agreement to ensure transparency and protection for both residents and investment owners.

It’s important to note that Apex maintains a robust Lease Renewal process designed to anticipate and manage all upcoming lease expirations well in advance. Because of this, true holdover situations are extremely rare. When they do occur, it’s typically because a resident had planned to move out at the end of their lease but experienced unforeseen circumstances requiring a brief extension — such as a delayed closing on a home purchase or a short gap before a new lease begins.

How It Works

When a fixed lease term ends and a resident has not yet moved out or renewed, the lease automatically transitions into a month-to-month tenancy, as outlined in the agreement.

No new lease is required — this structure is built in to ensure that the property remains legally protected and income continues without interruption.

During this month-to-month period:

• Rent increases by $100.00 per month to account for the flexibility of the arrangement.
• All other lease terms remain in effect exactly as they were during the fixed term.
• The resident continues paying rent until proper written notice of move-out is given and approved, per the lease agreement.

Important Notes

• Residents are required to provide written notice when they intend to move out. Simply remaining past the lease end date does not end the obligation to pay rent.
• Owners can expect continued income during this time, though flexible tenancy can carry a slightly higher vacancy risk.
• Apex’s team maintains close communication with both the resident and the owner to ensure a clear plan is in place and the transition is smooth.

Why It Matters

This approach ensures the property always remains under a valid lease structure, safeguarding everyone involved. The built-in month-to-month provision protects the owner’s income stream, upholds resident accountability, and maintains compliance with Idaho law.