If a Beehive Homes Event of Default is not curable, when does the cure period expire?
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' 2025 Franchise Disclosure Document, if an Event of Default occurs that the franchisee cannot cure, the cure period expires immediately on the date of the default notice. Beehive Homes will provide the franchisee written notice of the default. If the franchisee is unable to cure the default, Beehive Homes has the right to terminate the agreement.
It is important for a prospective Beehive Homes franchisee to understand what constitutes an Event of Default, as outlined in section 14.1 of the FDD. Events of Default range from failure to make payments to failure to perform obligations under the agreement.
Understanding the circumstances under which a default can be declared and whether those defaults are curable is crucial. If a default is not curable, the franchisee must take immediate action upon receiving notice to mitigate damages and potentially negotiate with Beehive Homes to avoid termination of the franchise agreement.