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Holding over is simply a tenant remaining in occupation of premises once the original term of their letting has come to an end. Holding over – the risks.Holding over – less risky than we thought? (136) Some leases in rural areas (outside of a city) are renewed for a full term. "Contracting Out" is shorthand for the procedure to exclude a tenant's security of tenure i.e. When you hold over your expired lease, your tenancy is converted to a monthly tenancy agreement.