What is the required witness statement for the Beehive Homes guarantor notary public?
Beehive_Homes Franchise · 2025 FDDAnswer from 2025 FDD Document
| STATE OF) | COUNTY OF) | : ss. entity upon behalf of which the person acted, executed the instrument. | On, 2025, personally appeared before me, personally his/her authorized capacity, and that by his/her signature on the instrument the person, or the | known to me (or proved to me on the basis of satisfactory evidence) to be the person whose name is subscribed to the within instrument and acknowledged to me that he/she executed the same in | | WITNESS my | hand and official seal. | NOTARY PUBLIC | |
Source: Item 23 — RECEIPTS (FDD pages 34–123)
What This Means (2025 FDD)
According to Beehive Homes' 2025 Franchise Disclosure Document, the guarantor's notary public requires a specific witness statement. The statement confirms that the person whose name is subscribed to the instrument acknowledged that he/she executed the same in his/her authorized capacity, and that by his/her signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument.
This statement is essential for legally binding the guarantor to the obligations outlined in the Franchise Agreement. The notary public's role is to verify the identity of the guarantor and ensure that they are signing the document willingly and with full understanding of its implications. This process helps to prevent future disputes regarding the validity of the guaranty.
Prospective Beehive Homes franchisees should ensure that any guarantors involved in their franchise agreement are fully aware of the obligations they are undertaking and that the notary public completes the required witness statement accurately. This will help protect both the franchisee and Beehive Homes by ensuring the enforceability of the guaranty.