When seeking a transfer, what information regarding the management team of the Transferee is Budget required to receive?

According to Budget's 2025 Franchise Disclosure Document, a Transferring Licensee must submit specific documents and information about the Transferee's management team for Budget's review. This information must be certified as true, correct, and complete by the Transferee, its shareholders, members, or partners. The required information includes the names, addresses, and phone numbers (both business and personal) of the Transferee's officers, directors, and operational management personnel related to the Rental Business.

Budget also requires information regarding the business experience of the management team for the past five years, with a particular emphasis on rent-a-car experience. This allows Budget to assess the team's relevant industry knowledge and operational capabilities. Additionally, Budget requires the bankruptcy and litigation history of the management team for the past five years. This helps Budget evaluate the integrity and potential risk associated with the Transferee's management.

Budget will use the provided information to determine whether to approve the transfer. They will consider the managerial ability and experience of the entire management team, with specific attention given to the proposed general manager of the Rental Business. Budget also assesses the experience, aptitude, attitude, character, and reputation of the management team, which may be determined through personal interviews or other means. Furthermore, Budget will consider any competitive business interests and other Rental Business interests of the management team.