Change of Ownership
What is a Change of Ownership?
Change of ownerships occur often and it's important to make sure we meet the needs of both the existing owner and the new owner. To do this we have two surveys that need to be completed. One is filled in by the existing owner and one is filled in by the new owner.
Starting off the process
First we need to confirm with the existing owner if a there is in fact a change of ownership. Once confirmed we'll need to send the surveys below to the existing owner and the new owner.
When do I proceed?
We can only begin the change of ownership once both surveys are completed.
Where do they go?
Never CLEAR CHECKLIST at the bottom left of the checklist when you do Change of Ownerships.
Only click on CHANGE OF OWNERSHIP and add the e-mail addresses. This will clear MOST of the checklist, but not everything. (it will leave dates next to QC and Invoicing).
Change of ownership surveys are added to the Sales Trello.
Get the completed document back from new owner
If you do not receive the "Change of Ownership" document back from the new owner, follow up with them to see if they are having any issues. Should they not want to send the document, then their account needs to deactivated until we receive it. This should only be done after the ownership has been transferred, as the old owner will still be operating prior to that.Once you receive the change of ownership document, setup a time with the new owner to action the changes needed from what they indicated on the document.
Is the property currently on PayBridge?
N.B!!! This has to be done on the day the change of ownership occurs, as the old owner would still need to receive payments made to them while they are in charge of the property.
If the property is with PayBridge, confirm with the new owner if they would like to continue using PayBridge or not. When there is a change of ownership, we require the new owners to re-apply with PayBridge to check whether they are good payers.
- Should the new owner want to use PayBridge, set a follow up for the consultant who deals with PayBridge so that they can send them the application forms.
- If the new owner does not want to use PayBridge, you can remove the gateway option on their support page on the day of transfer.
The PayBridge banking details will have to be cleared before the change of ownership occurs to ensure that payments are not made into the old owners account. Ask Senior Developer or Technical Director to clear the banking details. Also ensure that you update the banking details in the setup, under step 4 - deposit and booking policy.
The current contact details can be viewed under the gateway section on their support page.
If no bank details have been entered in Webview, then the 1st SMS with the security code will go to the number in the Setup under step 1 - basic setup. The first time you enter banking details, the establishment specify the number to use for changes afterwards.(This doesn't have to be the same as setup)
With that security code, the establishment can update the banking details, and at the same time, the cellphone number and email address where the code should be sent to in future -- so it cannot be changed again by just changing the SMS number in the Setup program.
If the old owner will be sitting with the new owner on the day of transfer, then the details can be changed while they are there. Old owner receives the security code, and the new owner updates the contact and banking details in webview.
On the checklist there will already be a date of previous QC which we can't remove. Therefore please send the QC consultant an e-mail or follow-up to request a QC for a Change of Ownership
The new owner should follow up with the partners to advise there is a change of ownership for the channels record purposes, and to go through training if applicable.
If the property would like to be removed from a respective partner site, either action it on your side or advise them to cancel with the channel directly.
N.B!!! Do not remove the old owner's contact details without saving it as a contact, in case we need to get hold of them for payment or any other queries.
Remember to update the contact information in touch for the new owner, as well as storing the old owner's contact information on the day of transfer.
1. Add the old owner info to Touch as a new contact.
2. In the DESIGNATION field input “Previous Owners”
3. Update Touch with the new owner’s details.
4. If there is a different person who will pay the invoice and/or managing the account, remember to capture that in touch.