factual

Does the landlord addendum make Aira Fitness a guarantor to the lease?

Aira_Fitness Franchise · 2025 FDD

Answer from 2025 FDD Document

  • (c) Nothing contained in this Addendum makes Aira Fitness or its affiliates a party or guarantor to the Lease, and does not create any liability or obligation of Aira Fitness or its affiliates.

Source: Item 23 — **RECEIPTS (FDD pages 59–254)

What This Means (2025 FDD)

According to Aira Fitness's 2025 Franchise Disclosure Document, the landlord addendum explicitly states that Aira Fitness is not a guarantor to the lease. The addendum confirms that it does not create any liability or obligation for Aira Fitness or its affiliates. This protects Aira Fitness from being held responsible for the franchisee's lease obligations.

However, Aira Fitness does have certain rights and responsibilities outlined in the addendum. For example, Aira Fitness has the right to assume the tenant's (franchisee's) interest in the lease under certain conditions, such as the expiration or termination of the franchise agreement or the tenant's default. Additionally, the landlord is required to notify Aira Fitness of any default or violation by the tenant under the lease terms, giving Aira Fitness an opportunity to cure the default and assume the lease.

This arrangement is fairly common in franchising, as it allows the franchisor to maintain control over the location and ensure the continued operation of an Aira Fitness business at that site if the franchisee fails. While Aira Fitness is not a guarantor, the landlord addendum ensures that Aira Fitness has the ability to step in and take over the lease to protect its brand and system standards.

Prospective franchisees should understand that while Aira Fitness's approval of a lease is required, it does not mean the economic terms are favorable. The approval only indicates that the lease contains the terms Aira Fitness requires. It is the franchisee's responsibility to ensure the lease terms are economically viable for their business.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.