What does the Basecamp Fitness customer authorize the owner to file to protect their interest?

According to Basecamp Fitness's 2025 Franchise Disclosure Document, the customer authorizes the owner to file UCC (Uniform Commercial Code) financing statements. These statements are filed as deemed necessary by the owner to protect their interest in the equipment.

This authorization allows the equipment owner to publicly record their security interest in the equipment. By filing UCC financing statements, the owner ensures that their claim to the equipment takes priority over other potential creditors or parties who might claim an interest in the same equipment. This is a standard practice in equipment leasing to safeguard the owner's investment.

Basecamp Fitness may charge a fee to cover the costs associated with filing these UCC financing statements, or, at their discretion, charge a non-filing protection fee. This means that the franchisee could incur additional expenses related to protecting the owner's interest in the equipment, regardless of whether the UCC filings are actually made. Franchisees should clarify the amount and conditions of these potential fees to understand the full financial implications.