What documents are required to be submitted to Alloy within 5 days of execution of the lease?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
You and your landlord must sign the Lease Addendum attached as Schedule B. We recommend you submit the Lease Addendum to the landlord at the beginning of your lease review and negotiation, although the terms of the Lease Addendum may not be negotiated without our prior approval. If the landlord requires us to negotiate the L
Source: Item 23 — RECEIPTS (FDD pages 69–245)
What This Means (2025 FDD)
Based on the 2025 FDD, Alloy requires franchisees and their landlords to sign a Lease Addendum, which is attached as Schedule B to the Franchise Agreement. Alloy recommends that franchisees submit this Lease Addendum to the landlord at the beginning of their lease review and negotiation process. However, the franchisee cannot negotiate the terms of the Lease Addendum without Alloy's prior approval. While the FDD specifies the use of the Lease Addendum, it does not explicitly state that the executed lease agreement and addendum must be submitted to Alloy within 5 days of execution.
It is important to note that the FDD does outline several other documents and information that franchisees must furnish to Alloy at different stages of the franchise process. For example, franchisees must submit a franchise application, financial statements, and other information regarding their operations at least 60 days prior to the earlier of the date set forth in the Development Schedule by which they must execute a Franchise Agreement or the actual date on which the Franchise Agreement would be executed.
Prospective Alloy franchisees should confirm with the franchisor the specific requirements for submitting the executed lease agreement and Lease Addendum, including the timeframe for submission, to ensure full compliance with Alloy's franchise agreement and operational standards.