A short, formal email asking your funder whether they will transfer your lease to another business, and what they need to consider it.
Use it when: You have a lease you want to pass on, and you need the funder's position in writing before you advertise it.
Why it matters
Funders answer a clear written request faster than a phone call, and you get their terms in writing.
Asking before you advertise saves you finding a buyer for a lease that can't be moved.
It sets out the information they will ask for anyway, so you aren't going back and forth for weeks.
Worth knowing
Send it to the customer services or account management address on your agreement, not the sales team.
Have your agreement number to hand: it is the first thing they will ask for.
If they say no to a transfer, ask what the Early Termination Charge would be instead, so you can compare.
The template
Subject: Transfer (novation) request — agreement [AGREEMENT NUMBER]
Dear Sir or Madam,
I am writing about the business contract hire agreement below, which is held in the name of [YOUR COMPANY NAME] (company number [NUMBER]).
Agreement number: [AGREEMENT NUMBER]
Vehicle: [MAKE AND MODEL], registration [REG]
The rest of this template is free to members.
A template to adapt, not legal advice. Your own agreement and your funder's terms come first, and we'd always suggest checking anything you're unsure about with your accountant or solicitor.