Is a Lease Rider included as part of the Franchise Agreement (Associate Program) in the Aerus Franchise Disclosure Document, as shown in Exhibit 2(b)?
Aerus Franchise · 2025 FDDAnswer from 2025 FDD Document
I received a franchise disclosure document dated May 15, 2025 that included the following exhibits:
State Addenda (California, Illinois, Maryland, Minnesota, New York, North Dakota, South Dakota, Virginia, Washington, Wisconsin)
Exhibit 1 – Financial Statements
Exhibit 2(a) – Franchise Agreement (Standard Program), Lease Rider, Software License Agreement and Consigned Products Security Agreement
Exhibit 2(b) – Franchise Agreement (Associate Program), Lease Rider, Software License Agreement and Consigned Products Security Agreement
Exhibit 2(c) – Beyond Addendum
Exhibit 3 – Secured Promissory Note, Security Agreement and Guaranty
Exhibit 4 – List of State Administrators
Exhibit 5 – List of Agents for Service of Process
Exhibit 6 – List of Aerus Businesses and List of Aerus Businesses Who Have Left the System
Exhibit 7 – Commitment Letter
Exhibit 8 – Manual Table of Contents
Source: Item 22 — Contracts (FDD page 74)
What This Means (2025 FDD)
According to Aerus's 2025 Franchise Disclosure Document, Exhibit 2(b) includes the Franchise Agreement (Associate Program), Lease Rider, Software License Agreement, and Consigned Products Security Agreement. This indicates that a Lease Rider is indeed part of the documentation provided under the Associate Program.
Specifically, Exhibit 2(b) lists these documents together, suggesting they are all relevant and related to the Associate Program franchise agreement. This implies that franchisees entering the Associate Program should expect to review and potentially execute a Lease Rider as part of their overall agreement.
Furthermore, the FDD includes a 'FORM OF LEASE RIDER' as Exhibit I, which outlines the agreement's structure between the tenant (franchisee) and landlord, with Aerus Franchising, LLC also party to the agreement. This Lease Rider is attached to the Lease Agreement and includes recitals detailing the relationship between Aerus, the tenant, and the landlord, ensuring that the lease aligns with the Franchise Agreement.