What condition must the equipment be in when returned to Franchisor's Affiliate by an Aira Fitness franchisee at the end of the lease?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
At the expiration or earlier termination of this Lease or any Schedule, unless Franchisee purchases the Equipment or renews this Lease under the Lease or any Schedule, Franchisee, at Franchisee's risk and expense, shall assemble, prepare for shipment, and immediately return each item of Equipment to Franchisor's Affiliate to any location designated by Franchisor's Affiliate.
The returned Equipment shall be in good condition, repair, and working order, ordinary wear and tear excepted.
Franchisee, upon request of Franchisor's Affiliate, shall provide suitable and adequate storage space at the place where the Equipment was delivered hereunder or to which it was moved in accordance with this Lease, and shall permit Franchisor's Affiliate to store such Equipment free of charge, and at risk of Franchisee for public liability and physical damage exposures, for a period not to exceed 90 days, during which period Franchisor's Affiliate will be allowed reasonable access thereto.
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, when a franchisee leases equipment from Franchisor's Affiliate (Pure Gym Equipment, LLC) and the lease expires or terminates, the franchisee must return the equipment to a location designated by Franchisor's Affiliate. The Aira Fitness franchisee is responsible for the risk and expense of assembling, preparing, and shipping the equipment for return.
The equipment must be returned in good condition, in repair, and in working order. However, ordinary wear and tear is an exception to this requirement.
Additionally, if requested by Franchisor's Affiliate, the franchisee must provide suitable storage space for up to 90 days at the location where the equipment was delivered or moved to. During this storage period, Franchisor's Affiliate must be allowed reasonable access to the equipment, and the equipment is stored at the franchisee's risk for public liability and physical damage exposures.