Final answer:
A person who stays in a property after the lease expires without renewing the lease would be considered a Holdover tenant. This can result in a month-to-month tenancy if the landlord continues to accept rent, assuming the original lease conditions continue to apply.
Step-by-step explanation:
When a person enters into a lease agreement for a certain duration and continues to occupy the property after the lease has expired without signing a new lease or rental agreement, that person would be considered a Holdover tenant. This situation often leads to a month-to-month tenancy unless the landlord takes action to evict the tenant. If the landlord continues to accept rent payments, the law may imply a new month-to-month lease under the same terms as the old lease, except for the duration of the tenancy. Both parties need to communicate and determine their legal rights and obligations in a holdover situation.
In contrast, a Sublessee is someone who leases property from a tenant rather than directly from the property owner. A Squatter is someone who occupies property without any legal right to do so, and a lesee is a tenant under an existing lease agreement.