What does Aira Fitness's approval of a lease for an Aira Fitness Business signify?

According to Aira Fitness's 2025 Franchise Disclosure Document, Aira Fitness's approval of a lease for a prospective franchisee's business location means that the lease contains the terms that Aira Fitness requires. However, Aira Fitness approval of a lease does not indicate that the economic terms of the lease are favorable for the franchisee.

Specifically, Aira Fitness requires that the lease does not prevent the franchisee from performing their obligations under the Franchise Agreement, and it must allow Aira Fitness to exercise its rights under the agreement. Aira Fitness may also require a Lease Addendum. The franchisee must provide Aira Fitness with a copy of the lease, and Aira Fitness has fifteen days to either accept or reject the site. The franchisee must also deliver a fully executed copy of the approved lease, as amended by the Lease Addendum, within ten days after its execution.

This means that while Aira Fitness reviews the lease to ensure it meets their operational and legal requirements, franchisees are ultimately responsible for assessing the financial viability and risks associated with the lease terms. Prospective franchisees should carefully review all economic terms with a professional advisor before signing. The franchisee is responsible for ensuring the location is free from environmental contamination and complies with the Americans with Disabilities Act and other applicable laws.