Question on Rental Equipment

[Nir]

Hi,

A new property I purchased has a 15 yrs old hot water tank and 15 yrs old special equipment to convert oil to gas connected to the furnace. Both are rented by the same company - "Reliance".

A couple questions on the topic:

1. Hot water tank: due to the water tank`s age Reliance is willing to sell it to me for $150 only. Would you buy out the old hot water tank
in order to avoid the monthly rent (and service)?

2. Oil to gas conversion: Reliance explained to me that due to the fact the oil to gas converter is "unique" equipment no longer being sold or serviced they can not sell it to me. Does it make sense? Does it not contradict free completion in Canada

? they rent it for $30 a month. You should see what it looks like – an old and dusty small piece of equipment connected to the old furnace. Would you continue renting it for $30 a month because "no one else can service this equipment"?

THANKS.