Under the Aira Fitness franchise agreement, is the franchisee permitted to create any liens on the Pod?

According to the 2025 Aira Fitness Franchise Disclosure Document, the franchisee's landlord agrees not to require a security interest or lien on any of the personal property of the tenant (franchisee) located on the premises used for the operation of the Aira Fitness franchise. This protects the franchisee's assets from being encumbered by the landlord's potential financial issues.

This clause ensures that the franchisee's equipment and personal property within the Aira Fitness location cannot be seized by the landlord due to the landlord's debts or financial problems. This arrangement is beneficial for the franchisee, as it provides a more secure environment for their business operations, preventing disruptions that could arise if the landlord faced financial difficulties and attempted to claim the franchisee's assets.

It is important to note that this clause specifically addresses liens imposed by the landlord. The FDD excerpt does not explicitly state whether the franchisee is allowed to create liens on the Pod themselves. A prospective franchisee should clarify with Aira Fitness whether they are permitted to use the Pod as collateral for their own financing or other obligations.