What is ‘Change of ownership?’
Change of ownership takes place when a property owner is transferring the ownership of his property to another person. In such a situation the property owner may request to transfer the ownership of the connection (fiber contract) to the new owner. The system allows the admin, property seller, or buyer to initiate the transfer process.
There are three transfer options;
- Admin can initiate the change of ownership and transfer the fiber contract from the old owner to the new owner.
- The property seller can initiate the change of ownership. This requires admin approval.
- The buyer of the property can ask for a change of ownership. This requires admin approval.