What other information about the Beehive Homes Guarantor can the Franchisor reasonably request?
Beehive_Homes Franchise · 2025 FDDAnswer from 2025 FDD Document
Each Guarantor will deliver to Franchisor: (a) such complete and current financial information about Guarantor as Franchisor may reasonably request; (b) copies of all deeds showing Guarantor as a direct or indirect owner of the Location and Home; and (c) all other information about Guarantor that Franchisor may reasonably request.
Source: Item 23 — RECEIPTS (FDD pages 34–123)
What This Means (2025 FDD)
According to Beehive Homes' 2025 Franchise Disclosure Document, the franchisor can reasonably request several types of information from the guarantor. Specifically, Beehive Homes may request complete and current financial information about the guarantor. This likely includes items such as bank statements, tax returns, and other documentation that demonstrates the guarantor's financial stability and ability to meet their obligations under the guaranty.
In addition to financial information, Beehive Homes can request copies of all deeds showing the guarantor as a direct or indirect owner of the location and the home. This provision ensures that the franchisor has documentation verifying the guarantor's ownership interest in the physical property where the Beehive Homes franchise will operate. This helps protect the franchisor's investment and ensures that the guarantor has a vested interest in the success of the franchise.
Finally, Beehive Homes can request all other information about the guarantor that it may reasonably request. This clause provides a broad scope for the franchisor to gather any additional information deemed necessary to assess the guarantor's suitability and ability to fulfill their obligations. This could include background checks, credit reports, or other relevant information that helps the franchisor make an informed decision about accepting the guaranty. This comprehensive approach aims to mitigate risks and ensure the stability of the franchise network.