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Firstly it needs to be clarified whether these are retail tenants or commercial tenants. If retail they will have more rights because of the dreaded Retail Shops Act. If commercial things are a bit more on your side and there is no real act to govern you and what you do. I think you are playing...

does the lease mention anything about holdover? usually if the expiry date comes and passes and nothing is done the rent will immediately increase by say 108% provided its a good lease. you will have to read the lease because it is all dependent on what is written in it (which could be anything).