Does the Aira Fitness Disclosure Document include a sample Pod Package Lease for Aira Fitness?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
from $207 to $597.
- (4) You must purchase or lease the Pod Package from us. You can pay the purchase price for the initial fitness equipment in full or we will lease you the initial fitness equipment. You willsign the standard form Pod Package Purchase Agreement along with the Personal Guaranty that is attached to this Disclosure Document as Exhibit H or you willsign the standard form Pod Package Lease along with the Personal Guaranty that is attached to this Disclosure Document as Exhibit I. We do not require any parties who do not have ownership interest in the franchise to sign the Personal Guaranty. Under the Pod Package Lease, you waive (i) rights and remedies underSections 2A-508 through 12A-522 of the Uniform Commercial Code (UCC); (ii) rights to require our affiliate to mitigate damages; and (iii) the right to trial by jury. Additionally, under the Pod Package Lease, the statute of limitations for breach of warranty is limited to 1 year.
- (5) At the end of the first 3-year term, the Pod Package Lease will continue on a month-to-month basis unless you request or we require that the Pod be replaced because said Pod no longer meets system standards. Additionally, at the end of the 3-year term, you will have the option to purchase
Source: Item 22 — **CONTRACTS (FDD page 59)
What This Means (2025 FDD)
According to the 2025 Aira Fitness Franchise Disclosure Document, if a franchisee chooses to lease a Pod Package, they will sign the standard form Pod Package Lease, along with a Personal Guaranty. This document is attached to the Disclosure Document as Exhibit I.
The Pod Package Lease includes specific conditions. The franchisee waives rights and remedies under Sections 2A-508 through 12A-522 of the Uniform Commercial Code (UCC), rights to require Aira Fitness's affiliate to mitigate damages, and the right to trial by jury.
Additionally, the Pod Package Lease stipulates that the statute of limitations for breach of warranty is limited to 1 year. At the end of the initial 3-year term, the lease continues on a month-to-month basis unless replacement is needed to meet system standards. The franchisee also has the option to purchase the Pod for $20,000 at the end of the 3-year term.