If Aira Fitness exercises its option to purchase assets of the Tenant, what does the Landlord agree to permit Aira Fitness to do?

According to the 2025 Aira Fitness Franchise Disclosure Document, if Aira Fitness exercises its option to purchase the assets of the tenant (the franchisee), the landlord agrees to permit Aira Fitness to remove all such assets being purchased. This clause is part of an addendum to the lease agreement between the franchisee (tenant) and the landlord.

This provision ensures that Aira Fitness can effectively acquire the assets of a terminated or expired franchise without interference from the landlord. It streamlines the process of Aira Fitness taking over a location or re-establishing a franchise in a different franchisee's name.

For a prospective franchisee, this clause offers some assurance that Aira Fitness can step in to purchase assets if the franchisee exits the business, potentially providing a source of funds to the franchisee. However, the franchisee should carefully review the terms of the asset purchase option in the franchise agreement to fully understand the conditions and valuation methods involved.