Is an Aira Fitness franchisee allowed to create any liens on the equipment?

According to the 2025 Aira Fitness Franchise Disclosure Document, a landlord agrees not to require a security interest or lien on any of the personal property of the tenant (the franchisee) located on the premises and used for the operation of the Aira Fitness franchise. This stipulation is part of an agreement between the landlord, the tenant, and Aira Fitness, ensuring that the franchisee's equipment remains free from landlord-imposed liens. This clause is included in an addendum that the franchisee needs to have the landlord sign.

This provision protects the franchisee's assets from potential claims by the landlord. It ensures that the franchisee can operate their Aira Fitness business without the risk of losing equipment due to landlord-related financial issues. This arrangement benefits the franchisee by providing a more secure business environment.

However, this clause specifically addresses liens imposed by the landlord. The FDD excerpt does not explicitly state whether the franchisee is allowed to create liens on the equipment themselves through financing or other means. A prospective franchisee should seek clarification from Aira Fitness regarding their ability to encumber their equipment with liens or security interests in favor of lenders or other creditors.