How much notice must an Atwell Suites Equipment Lessee provide to request the removal of equipment?
Atwell_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
Equipment Lessee may request the removal of any Equipment upon thirty (30) days prior written notice to Company, and in addition, Company may remove any piece of Equipment for any reason upon thirty (30) days prior written notice to Customer.
Source: Item 23 — Receipts (FDD pages 99–486)
What This Means (2025 FDD)
According to Atwell Suites' 2025 Franchise Disclosure Document, an Equipment Lessee (PSH Owner of a Corporate Hotel) must provide thirty (30) days prior written notice to the company when requesting the removal of any leased equipment. The company also has the right to remove any piece of equipment for any reason, provided they also give thirty (30) days prior written notice to the customer.
This stipulation is important for prospective franchisees as it sets the timeframe for equipment removal requests. If an Atwell Suites franchisee wants to remove a piece of equipment, they must plan at least a month in advance and provide written notification to avoid potential complications or delays. Similarly, Atwell Suites can decide to remove equipment with the same notice period.
It's also important to note that the removal of equipment does not affect the term of any existing agreement between the parties. However, if the equipment lease is terminated before 100 months from the commencement date, the Equipment Lessee will be responsible for the actual costs of removal and remanufacturing, as well as the unamortized portion of the costs of installation and non-serialized parts. This could represent a significant expense for the franchisee, so understanding the terms and conditions of the equipment lease is crucial.
This requirement ensures both parties have adequate time to prepare for the equipment removal, whether initiated by the franchisee or Atwell Suites. The written notice provides a documented record of the request, which can be useful in resolving any disputes or misunderstandings. Franchisees should maintain clear communication with Atwell Suites regarding equipment-related matters to ensure compliance with the lease agreement.