For Apricot Lane, who is responsible for the costs associated with securing substitute premises?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
It is fully understood by FRANCHISEE that FRANCHISEE is solely responsible for timely commencing and sustaining efforts needed to either maintain possession of the Premises or to secure substitute premises before expiration of the term and that FRANCHISEE must keep FRANCHISOR fully and timely informed of all such matters;
Source: Item 23 — RECEIPTS (FDD pages 51–222)
What This Means (2025 FDD)
According to Apricot Lane's 2025 Franchise Disclosure Document, the franchisee is responsible for all costs associated with securing substitute premises. The FDD states that it is the franchisee's responsibility to commence and sustain efforts to either maintain possession of the current premises or secure a substitute location before the expiration of the franchise term.
This means that if an Apricot Lane franchisee's lease is expiring and they either do not have an option to renew or cannot secure a new lease for the existing location, they are responsible for finding a new location that meets Apricot Lane's approval. This includes all costs associated with searching for, negotiating, and securing the new lease.
Furthermore, the franchisee must keep Apricot Lane informed of all activities related to maintaining possession of the premises or securing a substitute location. This ensures that Apricot Lane is aware of the franchisee's plans and can provide guidance or assistance if needed. The franchisee is also responsible for bringing the new premises into full compliance with Apricot Lane's current specifications and standards within 90 days of the original lease's expiration.