What must a franchisee ensure regarding the lease for an Aira Fitness Business premises?
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, the lease may not prevent them from performing their obligations under the Franchise Agreement, and it must permit Aira Fitness to exercise its rights under the agreement. The lease must be approved by Aira Fitness in writing before it is executed by the franchisee, and Aira Fitness may condition its approval on the full execution of a Lease Addendum.
The franchisee must provide Aira Fitness with a copy of the lease, and Aira Fitness has fifteen days to accept or reject the site. The franchisee must deliver a fully executed copy of the approved lease, as amended by the Lease Addendum, within ten days after its execution. Aira Fitness's approval of a lease does not mean that the economic terms of the lease are favorable; it only means that the lease contains the lease terms that Aira Fitness requires.
This means a prospective Aira Fitness franchisee needs to carefully negotiate the lease terms to ensure they align with Aira Fitness's requirements and allow them to fulfill their obligations under the franchise agreement. They should also be aware that Aira Fitness's approval of the lease is not a guarantee of its financial viability. The franchisee is responsible for ensuring the Aira Fitness Business premises is free from environmental contamination and complies with the requirements of the Americans with Disabilities Act and other applicable laws.