What does the Basecamp Fitness customer warrant regarding the equipment?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
OWNERSHIP OF EQUIPMENT: Owner has purchased the Equipment at the direction of Customer. Owner shall at all times have sole ownership and title to the Equipment. Customer warrants that the Equipment shall at all times remain personal property; the Equipment is removable from and is not essential to any premise upon which it is located regardless of attachment to realty, and Customer agrees to take such action at its expense as may be necessary to prevent any third party from acquiring any interest in the Equipment.
Source: Item 23 — RECEIPTS (FDD pages 62–248)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, the customer warrants that the equipment will remain personal property at all times. The customer also warrants that the equipment is removable and not essential to any premises where it is located, regardless of whether it is attached to the realty.
This means a Basecamp Fitness franchisee must ensure that the equipment is treated as personal property and can be removed without causing damage to the property. The franchisee is responsible for taking any necessary actions to prevent third parties from acquiring any interest in the equipment.
This warranty protects Basecamp Fitness's ownership of the equipment and ensures that the franchisee acknowledges the equipment's status as personal property, not a fixture of the real estate. This is a standard clause in equipment lease agreements to clarify ownership and prevent disputes.