What evidence must an Apricot Lane franchisee present to the franchisor when giving notice of renewal?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
FRANCHISEE, at the time of giving its notice of renewal of the franchise, also presents evidence satisfactory to FRANCHISOR that FRANCHISEE has exercised the renewal option under the lease for the Premises or has otherwise secured the right to remain in possession of the Premises for the duration of any renewal term; or if at the time for giving such notice, FRANCHISEE has no renewal option or cannot yet exercise it under the terms of the lease or has otherwise not secured the right to remain in possession of the Premises during the renewal term, FRANCHISEE provides full disclosure to FRANCHISOR concerning FRANCHISEE's plans regarding maintaining possession of the Premises or securing substitute Premises and provides copies to FRANCHISOR of all communications and notices given to or received from landlords in relation to the above, as well as any and all communications with any other parties regarding the Premises and/or the lease, and continues to keep the FRANCHISOR timely apprised of the status of the lease and/or Premises.
Source: Item 23 — RECEIPTS (FDD pages 51–222)
What This Means (2025 FDD)
According to Apricot Lane's 2025 Franchise Disclosure Document, a franchisee must provide specific evidence to the franchisor when giving notice of renewal. The franchisee must demonstrate that they have either exercised their renewal option under the lease for the premises or have secured the right to remain in possession of the premises for the duration of any renewal term.
If the franchisee does not have a renewal option or cannot yet exercise it, they must provide full disclosure to Apricot Lane concerning their plans for maintaining possession of the premises or securing substitute premises. This includes providing copies of all communications and notices given to or received from landlords, as well as any communications with other parties regarding the premises and/or the lease. The franchisee must also keep Apricot Lane informed of the status of the lease and/or premises.
In summary, the franchisee needs to provide evidence of their right to remain in the current location or disclose their plans and communications related to securing the premises, ensuring Apricot Lane is fully informed about the location status as part of the renewal process. This requirement ensures that the franchisee has a secure location for the continued operation of the Apricot Lane business.