What are the conditions regarding compliance and good standing required to renew an Aira Fitness franchise agreement?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
renew your license for unlimited renewal terms (each renewal term is 10 years), provided that with respect to each renewal you have met each of the following conditions:
- (i) you have given us written notice of your decision to renew at least six months but not more than 12 months prior to the end of the expiring term;
- (ii) you sign, at our option, either (a) our then-current form of franchise agreement, the terms and conditions of which may be materially different than the terms and conditions of our current franchise agreement and may reflect, among other things, different fees and advertising obligations and a modified Designated Area or (b) a document extending for the duration of the renewal term, all the covenants, conditions and provisions contained in this Agreement;
- (iii) you have complied with the provisions of Section 5.F regarding modernization and have agreed, in writing, to make such capital expenditures necessary to refurbish, replace and modernize your Aira Fitness Business so that it will conform to our then-current standards for Aira Fitness Businesses;
- (iv) you are not in default of this Agreement or any other agreement pertaining to the franchise, have satisfied all monetary and material obligations on a timely basis during the term and are in good standing;
- (v) if leasing the Aira Fitness Business premises, you have renewed the lease and have provided written proof of your ability to remain in possession of the premises throughout the renewal period;
- (vi) you comply with our then-current training requirements; and
- (vii) you and your Owners and guarantors execute a general release in a form we prescribe in favor of us and our affiliates and each company's respective present and former officers, directors, managers, and employees; provided, howeve
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to the 2025 Aira Fitness Franchise Disclosure Document, several conditions must be met to renew a franchise agreement. The franchisee must provide written notice of their decision to renew at least six months but not more than 12 months before the end of the current term. The franchisee must sign either the then-current form of the franchise agreement, which may have materially different terms and conditions, or a document extending all the current agreement's conditions for the renewal term.
The franchisee must also comply with modernization provisions, agreeing in writing to make necessary capital expenditures to refurbish, replace, and modernize the Aira Fitness Business to meet current standards. They must not be in default of the agreement or any other related agreement, and they must have satisfied all monetary and material obligations on time and be in good standing. If leasing the premises, the franchisee must renew the lease and provide proof of their ability to remain in possession throughout the renewal period.
Additionally, the franchisee must comply with the then-current training requirements. The franchisee, along with their owners and guarantors, must execute a general release in favor of Aira Fitness and its affiliates. Finally, the franchisee must pay a renewal fee of $2,000. These conditions ensure that Aira Fitness maintains its standards and that the franchisee is committed to the continued success and modernization of their business.