Can the cure period for a Beehive Homes Event of Default be longer than 30 days?
Beehive_Homes Franchise · 2025 FDDAnswer from 2025 FDD Document
Upon the occurrence of an Event of Default as defined in Section 14.1 above, Franchisor shall give Franchisee written Notice of Default which must be cured by Franchisee as of the date of the Notice if the Event of Default is one which is incapable of cure by Franchisee or within thirty (30) days after the date of the Notice, unless a longer period is required under the laws of the state in which the Home is located.
Source: Item 23 — RECEIPTS (FDD pages 34–123)
What This Means (2025 FDD)
According to Beehive Homes's 2025 Franchise Disclosure Document, the cure period for an Event of Default can be longer than 30 days. Specifically, if Beehive Homes provides a written Notice of Default, the franchisee typically has thirty (30) days to cure the default.
However, the franchise agreement allows for a longer cure period if required by the laws of the state in which the Beehive Homes location is situated. This means that if state law mandates a cure period longer than 30 days for the specific type of default, the franchisee is entitled to that extended period.
This provision protects the franchisee by ensuring compliance with local laws that may provide more lenient cure periods. It is important for prospective Beehive Homes franchisees to understand the default and cure provisions in the franchise agreement and to be aware of any state-specific laws that may affect these provisions.