What form must be submitted to apply for Aira Fitness's consent to a transfer?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
Application for our consent to a transfer and tender of the right of first refusal provided for in Section 12.E must be made by submission of our form of application for consent to transfer, which must be accompanied by the documents (including a copy of the proposed purchase or other transfer agreement) or other required information.
The application must indicate whether you or an Owner proposes to retain a security interest in the property to be transferred.
No security interest may be retained or created, however, without our prior written consent and except upon conditions acceptable to us.
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, to apply for consent to a transfer, you must submit Aira Fitness's form of application for consent to transfer. This form must be accompanied by the necessary documents and information, including a copy of the proposed purchase or transfer agreement.
This requirement ensures that Aira Fitness has all the necessary information to evaluate the proposed transfer and the transferee. It allows Aira Fitness to assess whether the transferee meets their current requirements for franchisees and to review the terms of the transfer agreement.
Prospective franchisees should obtain a copy of the 'form of application for consent to transfer' from Aira Fitness and carefully review the required documentation to ensure a complete and timely submission. Failure to provide all required information could delay or jeopardize the transfer process. Additionally, the application must indicate if you or an Owner proposes to retain a security interest in the property to be transferred, and no security interest may be retained without Aira Fitness's prior written consent.