Does the Aira Fitness guarantor receive notice or approval for amendments or modifications to the equipment lease?

According to the 2025 Aira Fitness Franchise Disclosure Document, any modifications to the lease addendum require written consent from Aira Fitness to be valid. Specifically, the addendum states that no amendment or variation of its terms is valid unless it is made in writing, signed by all parties involved, and has Aira Fitness's written consent. This ensures that Aira Fitness maintains control over the lease terms and any changes that could affect the operation of the Aira Fitness business.

This requirement protects Aira Fitness by ensuring that any changes to the lease addendum that could impact the Aira Fitness business must be approved by them. This provision is crucial for maintaining uniformity and standards across all Aira Fitness franchises. It also allows Aira Fitness to monitor and control the lease terms, preventing franchisees and landlords from making changes that could negatively affect the Aira Fitness brand or the franchisee's ability to operate the business according to Aira Fitness standards.

For a prospective Aira Fitness franchisee, this means that any negotiation or modification to the lease addendum must involve Aira Fitness and receive their explicit written approval. This requirement adds a layer of complexity to lease negotiations but also provides assurance that Aira Fitness is invested in protecting the franchisee's interests and the integrity of the Aira Fitness system. Franchisees should ensure they understand this requirement and factor it into their timeline for securing a location and finalizing lease agreements.