What is the deadline for providing Aira Fitness with a copy of the lease for an Aira Fitness Business?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
If you propose to occupy the Aira Fitness Business premises pursuant to a lease or sublease ("Lease"), the Lease may not prevent you from performing your obligations under this Agreement, and must permit us to exercise our rights pursuant to this Agreement.
The Lease must be approved by usin writing before it is executed by you and we may condition our approval of a proposed site on the full execution of a Lease Addendum substantially in the form attached as Attachment E to this Agreement.
You must provide us with a copy of the Lease and we have fifteen (15) days to accept or reject the site.
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.
The parties acknowledge and agree that our approval of a Lease does not mean that the economic terms of the Lease are favorable; it means only that the Lease contains the lease terms that we require.
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, if a franchisee proposes to occupy the Aira Fitness Business premises pursuant to a lease, they must provide Aira Fitness with a copy of the lease. Aira Fitness then has fifteen (15) days to either accept or reject the site. After the lease is approved and executed, the franchisee must deliver a fully executed copy of the approved lease, as amended by the Lease Addendum, to Aira Fitness within ten (10) days after its execution.
This means that a prospective Aira Fitness franchisee needs to secure a lease that Aira Fitness approves. The franchisee must submit the lease to Aira Fitness for approval before the franchisee signs it. Aira Fitness has the right to reject the site within 15 days of receiving the lease. If approved, the franchisee must then provide a fully executed copy of the lease to Aira Fitness within 10 days of signing.
It is important to note that Aira Fitness's approval of a lease does not indicate that the economic terms of the lease are favorable. It only means that the lease contains the terms that Aira Fitness requires. Therefore, franchisees should carefully review the economic terms of the lease and seek professional advice if needed.
This process ensures that the lease terms align with Aira Fitness's requirements and protects Aira Fitness's interests. However, the franchisee bears the responsibility of ensuring the lease's economic viability and compliance with all applicable laws.