Holdover Tenant and New Tenant Lease - Champaign, Illinois

[Mario Reyes]

Hello BP Family,

I just started managing my first investment property, and I cannot find the answer to how to handle holdover tenants and new tenant leases? If a tenant is supposed to leave by the end of the month and you have already found a new tenant and signed a lease, what do you do? Are we liable for all the damages caused by the new tenant's unable to move? Or is there something on the lease that prevents some liability? Please advise. Thank you so much for your collaboration!