Is there an Addendum to Lease included as an exhibit to the Bft Franchise Agreement?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
ITEM 22 CONTRACTS
The following agreements are attached to this Disclosure Document:
Exhibit A Form of Franchise Agreement and Exhibits Exhibit 1 Exhibit 2 Exhibit 3 Exhibit 4 Ownership Interests; Designated Market Area; Authorized Location; Designated Territory Authorized Location Addendum Guarantee, Indemnification and Acknowledgment Addendum to Lease Exhibit E Statement of Prospective Franchisee Exhibit G Form of General Release Exhibit H State Specific Addenda Exhibit K Form of Multi-Unit Agreement Exhibit L-1 Form of Sourcing Fee Addendum (Franchise Agreement) Exhibit L-2 Form of Sourcing Fee Addendum (Multi-Unit Agreement)
Source: Item 22 — CONTRACTS (FDD page 79)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, an Addendum to Lease is included as an exhibit. Specifically, Exhibit 4 to the Franchise Agreement is the Addendum to Lease. This document is important because it outlines the relationship between the landlord, the tenant (franchisee), and Bft, ensuring that Bft has certain rights and protections related to the leased premises.
The Lease Addendum ensures that the franchisee displays Bft's trademarks and commercial symbols according to Bft's specifications. It also restricts the franchisee from subleasing or assigning the lease without Bft's prior written consent. This provision allows Bft to maintain control over the location and prevent unauthorized transfers of the lease.
Furthermore, the Lease Addendum mandates that the landlord provide Bft with copies of any default notices sent to the franchisee and grants Bft the right, but not the obligation, to cure any default under the lease if the franchisee fails to do so within five days after the expiration of the franchisee's cure period. The premises can only be used for operating a Bft Studio. The franchisee can assign the lease or sublease to Bft or its successors without the landlord's consent, provided they give the landlord written notice. If the lease is assigned to Bft, Bft can further assign it to another franchisee with the landlord's consent, which cannot be unreasonably withheld, releasing Bft from further liability under the lease.
Prospective franchisees should carefully review Exhibit 4, the Addendum to Lease, along with the Franchise Agreement, to fully understand their obligations and the franchisor's rights regarding the leased premises. Understanding these terms is crucial for a successful and compliant operation of a Bft franchise.