MTN Contract Change of Ownership: What You Need to Know
If you’re an MTN subscriber and you’re looking to transfer ownership of your cellular contract to someone else, you need to follow the proper procedures to avoid any unnecessary complications. In this article, we’ll tell you everything you need to know about MTN contract change of ownership.
What is a Change of Ownership?
A change of ownership is simply the transfer of ownership of a cellular contract from one person to another. This is a common practice among people who want to sell their contracts, transfer them to family members, or simply give them away.
Why Change Ownership of an MTN Contract?
There are several reasons why someone might want to transfer ownership of an MTN cellular contract. For instance, you may have entered into a contract with MTN, but due to unforeseen circumstances, you’re unable to continue with the contract. In such cases, you may want to transfer the contract to someone else who can take responsibility for it.
Another reason why people change ownership of their MTN contracts is when they want to sell their contracts. MTN contracts are valuable assets that can be sold for a profit, especially if they have been well-maintained. You can also transfer your contract to a family member or a close friend who needs a phone but doesn`t want to go through the process of applying for a new contract.
How to Change the Ownership of an MTN Contract
To transfer ownership of an MTN contract, you need to follow a specific process. The process involves several steps, and it’s important to complete all of them to avoid any complications. Here are the steps you need to follow:
Step 1: Obtain the Necessary Documentation
The first step in transferring ownership of an MTN contract is to obtain the necessary documentation. You’ll need to provide the contract number, a copy of the ID of the current contract holder, and a copy of the ID of the new contract holder. You’ll also need proof of address for both the current and new contract holders.
Step 2: Complete the Change of Ownership Form
Next, you’ll need to fill out the MTN Change of Ownership form. You can get this form from any MTN store or download it from the MTN website. The form will require you to provide basic information about the current and new contract holders, as well as the reason for ownership transfer.
Step 3: Submit the Form and Supporting Documentation
After completing the form, you’ll need to submit it, along with the supporting documentation, to an MTN store. You can also submit the form and documents online through the MTN website. Once MTN approves the change of ownership, they’ll notify the current contract holder and the new contract holder.
Step 4: Payment
MTN may require the new contract holder to pay an administration fee as part of the change of ownership process. The amount of the fee may vary depending on the type of contract and the length of time left in the contract.
Conclusion
Transferring ownership of an MTN contract is an easy process, provided you have the right documentation and follow the proper procedures. The process involves filling out a Change of Ownership form, providing documentation, and paying an administration fee. By following these steps, you can ensure a smooth transition of contract ownership.