factual

What is the fourth condition that must be met for a Beehive Homes franchisee to engage in Permitted Transfers?

Beehive_Homes Franchise · 2025 FDD

Answer from 2025 FDD Document

Permitted Transfers. Franchisee, and if Franchisee is a corporation or other legal entity, its Equity Owner(s) (or any transferee Equity Owner approved by Franchisor), may engage in Permitted Transfers, as defined in this Section 13.3, only if: (i) all such Permitted Transfers do not in the aggregate result in a change of Control of the Franchisee, an Equity Interest or the Home; (ii) Franchisee or its Equity Owner(s) delivers to Franchisor, at least thirty (30) days prior to the proposed Permitted Transfer, a written notice (the "Permitted Transfer Request") which includes the identity and contact information for all proposed transferees and any other information Franchisor may require in order to review the proposed Permitted Transfer; (iii) Franchisee or its EquityOwner(s) pays to Franchisor a nonrefundable processing fee of Two Thousand Five Hundred Dollars ($2,500.00) with the Permitted Transfer Request; and (iv) Franchisee or its EquityOwner(s) complies with Franchisor's then current procedure for processing Permitted Transfers, including the execution of all documents required by Franchisor, including the then current form of Franchise Agreement in use by the Franchisor, for the assumption by proposed transferees of all duties and

obligations of the transferor relating to this Agreement, the Home and any other agreements between Fran

Source: Item 23 — RECEIPTS (FDD pages 34–123)

What This Means (2025 FDD)

According to Beehive Homes' 2025 Franchise Disclosure Document, a franchisee or its Equity Owner(s) may engage in Permitted Transfers only if they meet certain conditions. The fourth condition requires the franchisee or its Equity Owner(s) to comply with Beehive Homes' then-current procedure for processing Permitted Transfers.

This compliance includes executing all documents required by Beehive Homes. These documents ensure that the proposed transferees assume all duties and obligations of the transferor. These obligations relate to the Franchise Agreement, the Home, and any other agreements between Beehive Homes and the transferor.

In essence, this condition ensures that any transfer of ownership or equity is done according to Beehive Homes' established procedures and that all parties involved are legally bound to the existing agreements. This protects Beehive Homes' interests and maintains consistency across its franchise network.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.