Why is a change of ownership letter sent to customers?
Quick Answer
A change of ownership letter is a formal way of announcing to loyal customers that a company or a business is about to go under a change of management or ownership. The letter includes the name of the new owner and the new owner's contact information, as well other information that the former and current owners deem necessary to share with their customers.
Continue ReadingFull Answer
Most of the time, a property management company will create and send the letter for the convenience of the owner and for the sake of the customers. It may include new rules and regulations as well as changes in existing contracts or policies within the company.
Aside from formally announcing the change of ownership, the letter may also include a brief history of the company, the fact that it is sold to another company or individual and an assurance that it will continue to provide quality products and customer-oriented service. A brief introduction to the new owner's background and history in the business also provides valuable information to loyal customers about what to expect under the new management. Also, include the date of the management transition or the date when the sale will take effect.
A change of ownership letter can be sent through postal mail or through email. Any imminent changes of plans should be sent through follow-up emails or letters as soon as possible.
Learn more about Business CommunicationsRelated Questions
-
Q:
What is the standard format of a business letter?
A: A business letter is typically formatted in a block style on company letterhead, where all elements are single-spaced blocks of text with double-spacing se... Full Answer >Filed Under: -
Q:
How do you write a business claim letter?
A: To write a business claim letter address the letter to a specific person, explain the nature of the claim and include relevant account numbers, describe sp... Full Answer >Filed Under: -
Q:
What should be included in a letter for introducing a new company?
A: Following the standard business letter protocol, a letter to introduce a new company should include how the company can benefit the recipient and what serv... Full Answer >Filed Under: -
Q:
What is a new company introduction letter?
A: A new company introduction letter is used to introduce a person's business to a prospective client. The letter can be sent via email or through the postal ... Full Answer >Filed Under:
