What is the Aira Fitness Guarantor relying on to protect its interests regarding Lease amendments?

According to the 2025 Aira Fitness FDD, Aira Fitness protects its interests regarding lease amendments through a clause in the lease addendum. Specifically, no amendment or variation of the terms of the addendum is valid unless it is made in writing, signed by all parties (Landlord, Tenant, and Aira Fitness), and Aira Fitness provides written consent. This ensures that Aira Fitness has control over any changes to the lease agreement that could affect the operation of the Aira Fitness Business.

This provision is crucial for Aira Fitness because it prevents franchisees and landlords from making lease modifications that could negatively impact the brand or the franchisor's interests. For example, a franchisee might agree to changes that reduce the size of the premises or alter the permitted use, which could harm the business and brand image. By requiring its written consent, Aira Fitness maintains oversight and can prevent such detrimental changes.

For a prospective Aira Fitness franchisee, this means that any lease negotiations or modifications must involve Aira Fitness to be valid. This requirement protects both the franchisee and the franchisor by ensuring that all lease terms align with the franchise agreement and brand standards. Franchisees should be aware that they cannot independently alter the lease without Aira Fitness's approval, and they should involve the franchisor in any discussions with the landlord regarding lease terms.