What is a Bft franchisee advised to do with any lease?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisee must submit the lease for the Studio to Franchisor for its written acceptance before Franchisee executes the lease for the Authorized Location.
Franchisor will not withhold its acceptance of the lease arbitrarily; however, any lease must be subject to the applicable Lease Addendum or incorporate similar terms.
Franchisor's acceptance of the lease for the Studio will be for Franchisor's own purposes, and Franchisor's makes no representation or warranty as to the quality or suitability of the lease or its terms for Franchisee's purposes.
Franchisee acknowledges that it has been advised to have any lease reviewed by Franchisee's own legal counsel.
Source: Item 23 — RECEIPTS (FDD pages 79–265)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, a franchisee must submit the studio lease to Bft for written acceptance before executing it. Bft will not arbitrarily withhold acceptance, but the lease must be subject to the applicable Lease Addendum or incorporate similar terms.
Bft's acceptance of the lease is for its own purposes, and it makes no representation or warranty about the lease's quality or suitability for the franchisee. The FDD specifically advises franchisees to have any lease reviewed by their own legal counsel.
This means that while Bft needs to approve the lease, the franchisee bears the ultimate responsibility for ensuring the lease terms are favorable and appropriate for their business needs. Engaging a lawyer is crucial to protect the franchisee's interests and avoid potential pitfalls in the lease agreement.