Circlease™ Floor Leasing is a service offered by IOBAC that provides a flexible and sustainable solution for flooring needs. It allows businesses to lease high-quality, modular flooring systems without the need for adhesive or significant upfront investments.
FAQ - CIRCLEASE™ FLOOR LEASING
Explore the frequently asked questions on Circlease™ floor leasing. If you can't find what you're looking for, please don't hesitate to reach out to us for further assistance.
Q: What is Circlease™ Floor Leasing?
Q:How does Circlease™ Floor Leasing work?
1. End user collaborates with fit-out company/architect for design and installation and chooses Forbo Flooring product compatible with the leasing scheme.
2. After design approval, end user requests a ‘package price’ from IOBAC.
3. This ‘package price’ includes installation, maintenance, and end-of-life uplift costs.
4. Once approved, end user to contact Plus Finance to arrange the leasing contract.
5. Product order & installation (using IOBAC Tabs) will be managed by the appointed flooring contractor, who will work closely with IOBAC.
6. IOBAC disperses funds to all parties involved (i.e. flooring contractor, Forbo & cleaning company).
7. IOBAC arranges annual professional cleaning and maintenance.
8. IOBAC manages end-of-lease uplift for reuse or recycling.
Q: What are the benefits of choosing Circlease™ Floor Leasing?
Circlease™ Floor Leasing offers several advantages, including cost-effectiveness, flexibility, and sustainability. Businesses can enjoy the benefits of premium flooring without committing to a large capital outlay, and the modular nature of the system allows for easy adaptation to changing needs.
Q: Is Circlease™ Floor Leasing a sustainable option?
Yes, Circlease™ Floor Leasing promotes sustainability by minimising waste and resource consumption. The IOBAC flooring system is designed for reuse, reducing the environmental impact associated with traditional flooring materials.
Q: How long is the leasing period for Circlease™ Floor Leasing?
The leasing period for Circlease™ Floor Leasing is flexible up to 5 years and can be tailored to suit your business needs.
Q: What happens at the end of the lease term?
At the end of the lease term, businesses have the option to renew their lease, upgrade to a new flooring solution, or return the flooring system to IOBAC.
Q: What happens to my floor once it has been uplifted?
Once your floor has been uplifted, IOBAC ensures it undergoes a sustainable and environmentally responsible process. Depending on its condition and material, there are two primary outcomes:
1. Reused: If the flooring is in suitable condition, it can be repurposed for reuse. This involves either reinstalling it in another location or refurbishing it for secondary use, reducing waste and maximising its lifespan.
2. Recycled: Flooring that cannot be reused undergoes recycling. IOBAC employs eco-friendly recycling methods to process the materials. This may involve breaking down the flooring into raw materials for use in manufacturing new products or components, contributing to a circular economy model.
Q: Is Circlease™ Floor Leasing available for residential customers?
No, Circlease™ Floor Leasing is primarily designed for commercial and industrial applications.