Here's how to fill out the Lease Assumption Form:


Open Docusign, locate the appropriate template (Lease Assumption 2024) and enter the following information:


Page 1:


Lease # This can be located by checking the Contracts section under the Assets icon in Fresh Service.  If unable to find it there, you can search the MID in URReporting.  
New Merchant Name Legal name of the assignee, or the new merchant that is leasing the equipment.
Merchant Number MID of the assignee (the new merchant).


Page 2:


Lessee MID# MID of the old merchant.
Assignee MID# MID of the new merchant.


SCHEDULE OF PAYMENTS


Original Lease Term
 Refer to Fiserv urReporting Portal. Under the search tab, enter search query by either putting the lease number from earlier or the merchant info. Alternatively you can find the original leasing agreement in Sharefile.  
Remaining Lease Term

Refer to Fiserv urReporting Portal. Under the search tab, enter search query by either putting the lease number from earlier or the merchant info.
Next Payment Date

Refer to Fiserv urReporting Portal. Follow the Billing Cycle Date (Ex: If today is 10/23, and the Billing Cycle Date indicates 5, use 11/5)
Lease Payment

Located on the original lease agreement. 


EQUIPMENT INFORMATION


Equipment Type Refer to Fiserv urReporting Portal. Under the search tab, enter search query by either putting the lease number from earlier or the MID.
Quantity Always 1 for each item.
Original Serial Number Refer to Fiserv urReporting Portal. Under the search tab, enter search query by either putting the lease number from earlier or the MID.


NEW BUSINESS INFORMATION


Legal Business Name
 Legal name of the new merchant.
DBA
 DBA name of the new merchant.
Business Address New merchant's business address.
City New merchant's business city.
State New merchant's business state.
ZIP New merchant's business ZIP code.
Phone New merchant's business phone number.
Type of Business New merchant's type of business. Refer to the MPA.
Years in Business Can be computed though current year minus the year business started.
New Business Owner Already set. No need to update.
Title Owner


BANK INFORMATION 


Bank Name

Name of bank on the bank documentation of new merchant.
Routing # 9-Digit Number of new merchant, to verify, search in via google search to verify bank name.
Account # Account number of new merchant.


PERSONAL GUARANTY (ASSIGNEE)


Home Phone New merchant's personal phone number.
Date Already set. No need to update.
Home Address New owner's home address.
City New owner's home city.
State New owner's home state.
ZIP Code New owner's home ZIP code.
Social Security No. New owner's SSN.