What does the Basecamp Fitness customer authorize the owner to file?

According to Basecamp Fitness's 2025 Franchise Disclosure Document, the customer authorizes the owner to file UCC (Uniform Commercial Code) financing statements. This authorization allows the owner to protect their interest in the equipment associated with the lease agreement. The owner may also charge a fee to cover the costs related to filing these statements or, at their discretion, charge a non-filing protection fee.

This provision ensures that the equipment remains the property of the owner and protects their investment. By filing UCC financing statements, the owner establishes a public record of their ownership, which can help prevent third parties from claiming an interest in the equipment. The customer also agrees to take necessary actions to prevent any third party from acquiring interest in the equipment.

For a prospective Basecamp Fitness franchisee, this means that if they lease equipment for their studio, their customers will be required to authorize the filing of UCC financing statements. This is a standard practice in equipment leasing to protect the lessor's (owner's) interest in the equipment. The franchisee should be aware of these terms and ensure that their customers understand and agree to them.

It's also important to note that the owner has the discretion to charge fees related to the filing of these statements or a non-filing protection fee. Franchisees should inquire about the amount and application of these fees to fully understand the costs associated with the equipment lease agreement.