What is the deadline for delivering a fully executed copy of the approved lease and addendum to Aira Fitness?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
You must deliver to us a fully executed copy of the approved Lease as amended by the Lease Addendum within ten (10) days after its execution.
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, a franchisee must deliver a fully executed copy of the approved lease, as amended by the lease addendum, to Aira Fitness within ten days after its execution. This requirement ensures that Aira Fitness has a record of the lease agreement and any modifications made to it.
This stipulation is important for prospective franchisees because it sets a clear deadline for submitting the lease documents. Failing to meet this deadline could potentially lead to delays in the site approval process or even a breach of the franchise agreement. Franchisees should ensure they have a system in place to track the execution date of the lease and addendum to comply with this requirement.
Typically, franchisors require franchisees to submit lease agreements for approval to ensure the location meets their standards and protects their brand. The ten-day window provided by Aira Fitness appears to be a reasonable timeframe for submitting the required documents after execution. Franchisees should factor this timeline into their overall site selection and lease negotiation process.