Can the Aira Fitness premises be sublet without notice to the Guarantor?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
The Lease may be assigned, modified or amended in whole or in part or the Premises may be sublet in whole or in part without notice to Guarantor and without releasing Guarantor or affecting Guarantor's obligations under this Guaranty in any way.
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, the premises may be sublet without notice to the Guarantor. The lease can be assigned, modified, or amended in whole or in part, or the premises can be sublet in whole or in part, without notice to the Guarantor. This can occur without releasing the Guarantor or affecting the Guarantor's obligations under the Guaranty in any way.
This means that as an Aira Fitness franchisee, you have the flexibility to sublet your premises without needing to inform the Guarantor, who is essentially guaranteeing the lease. This could be beneficial if you need to temporarily or permanently transfer your business operations to another party. However, the Guarantor remains responsible for their obligations under the guaranty, regardless of any subletting or modifications to the lease.
This clause protects Aira Fitness and its affiliates by ensuring that changes to the lease or subletting arrangements do not impact the Guarantor's obligations. As a franchisee, it's important to understand that while you have some flexibility in managing your premises, the financial responsibilities of the Guarantor remain intact, providing a layer of security for the franchisor's affiliate.