Can the requirement to execute the Lease Rider be waived by Beem Light Sauna?

According to Beem Light Sauna's 2025 Franchise Disclosure Document, the requirement to execute the Lease Rider can be waived. Specifically, before a franchisee makes a binding commitment to purchase, lease, or sublease a site, Beem Light Sauna must approve in writing the proposed lease or purchase agreement, including any letter of intent between the franchisee and the third-party seller or lessor.

The FDD states that if the franchisee or their affiliate leases the site, they must arrange for the execution of the Lease Rider in the form attached as Appendix D to the Franchise Agreement, unless Beem Light Sauna waives this requirement in writing. This waiver provides some flexibility for franchisees in negotiating lease terms, as it allows for the possibility of not being bound by the standard Lease Rider if Beem Light Sauna agrees.

This written waiver from Beem Light Sauna is crucial. Without it, the franchisee is obligated to use the Lease Rider. Franchisees should discuss the specific circumstances under which Beem Light Sauna might grant such a waiver and understand the implications of proceeding without it. It is important to note that Beem Light Sauna's approval of the site does not act as a warranty, representation, or guarantee of the potential success or profitability of the studio.