If you sell your business while renting equipment from SilverChef, you can ask us to assign, or transfer, the Rent–Try–Buy agreement to the new business owner (with their consent).
The agreement will be assigned to the new owner if they meet our standard credit-assessment criteria. If they don’t meet these criteria, you’ll remain liable for the rental payments.
If the agreement is assigned to them, the new owner can use the rental equipment for the remainder of the agreement and is entitled to all the mid- and end-of-term options you were.
For example, they can upgrade or buy the equipment at any time or, after 12 months, return it or continue renting it.
If the agreement is assigned to the new owner, your security bond — minus any amounts still owing, e.g. a missed rental payment — will be refunded to you within 2–4 weeks.