Where should notices to the Beehive Homes Guarantor be sent?
Beehive_Homes Franchise · 2025 FDDAnswer from 2025 FDD Document
If to Guarantor: To the address of Franchisee set forth in the Franchise Agreement.
If Guarantor wants to change the notice address set forth above, Guarantor shall notify Franchisor in writing in accordance with the delivery procedure set forth in this Subsection 7(d). A Notice will be deemed effective on the earlier of: (i) receipt or first refusal of delivery; (ii) one (1) day after posting if sent by overnight commercial delivery service or overnight United States Mail; or (iii) three (3) days after placement in the United States Mail if overnight delivery is not available to the Notice address.
e. If there is more than one Guarantor named in this Guaranty, any reference to Guarantor will mean any one or all Guarantors. Each Guarantor agrees that all obligations of each Guarantor are joint and several.
Source: Item 23 — RECEIPTS (FDD pages 34–123)
What This Means (2025 FDD)
According to Beehive Homes' 2025 Franchise Disclosure Document, notices to the Guarantor should be sent to the address of the Franchisee as specified in the Franchise Agreement. However, the Guarantor has the option to change this notification address by providing written notice to Beehive Homes, following the delivery procedure outlined in Subsection 7(d) of Item 23.
The FDD specifies how the notice's effectiveness is determined. A notice is considered effective upon the earliest of the following events: receipt or first refusal of delivery, one day after posting if sent by overnight commercial delivery service or overnight United States Mail, or three days after placement in the United States Mail if overnight delivery is not available to the notice address.
Furthermore, if there is more than one Guarantor, any reference to 'Guarantor' refers to any one or all Guarantors, and each Guarantor's obligations are joint and several. This means that each guarantor is individually and collectively responsible for the full amount of the obligation. This is a standard clause in franchise agreements to ensure that the franchisor has recourse to all guarantors in case of default.