What form must a Beggars Pizza franchisee and landlord sign for lease approval?
Beggars_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
You must submit your proposed lease to us for approval. We will only approve a lease if you and the landlord have signed a conditional assignment of lease in the form attached as Exhibit G of the Franchise Agreement which provides that we may assume the lease if you default under your lease or your Franchise Agreement.
Source: Item 12 — TERRITORY (FDD pages 26–28)
What This Means (2025 FDD)
According to Beggars Pizza's 2025 Franchise Disclosure Document, if a franchisee needs to have a lease approved, Beggars Pizza requires that both the franchisee and the landlord sign a specific form. This form is a conditional assignment of lease, and it is attached as Exhibit G to the Franchise Agreement.
The purpose of this conditional assignment of lease is to protect Beggars Pizza's interests. It stipulates that Beggars Pizza has the right to assume the lease if the franchisee defaults on either the lease agreement or the Franchise Agreement itself. This provision ensures that Beggars Pizza can maintain control over the location and continue operations even if the franchisee is unable to do so.
This requirement is a fairly standard practice in franchising, as it allows the franchisor to safeguard their brand and system. By having the ability to step in and take over a lease, Beggars Pizza minimizes the risk of a location being abandoned or falling into disrepair, which could negatively impact the brand's reputation. Prospective franchisees should carefully review Exhibit G and understand the conditions under which Beggars Pizza might assume the lease.