Selling your home with Alcove tenants
If you're looking to sell your home that currently has Alcove tenants, you have three options:
1. Sell the home with the tenants in place
- This is the most popular option, as you will be selling a cash-flowing asset (in most cases with above-market returns).
- By default, the lease agreement does not need to be modified with the tenants.
2. Buy-out the tenant(s)
- If you prefer to sell your home without tenants, you can contact Alcove partner support.
- We will help facilitate the discussion with the tenant and offer assistance in relocating them to another Alcove property.
- Once the negotiations are completed, Alcove will prepare a separate agreement to terminate the lease for you and your tenants, releasing you from any further responsibilities.
3. Wait until the last lease ends
- If you're not in a rush to sell, you can wait until the current lease with the Alcove tenants ends.
- Once the lease is up, you can list your home for sale without any tenants in place.
This option allows you to sell your home on your own timeline without the need to navigate tenant-related matters.
No matter which option you decide to pursue, our Partner Support team is available to assist you every step of the way. Feel free to reach out to us by sending an email to partner@alcoverooms.com.