What notice is required from the landlord for a Body20 Control Transfer?
Body20 Franchise · 2025 FDDAnswer from 2025 FDD Document
rchase price, you and they must agree that all obligations under promissory notes, agreements, or security interests reserved in the Studio will be subordinate to the transferee's obligation to pay all amounts due to us and our Affiliates and otherwise to comply with this Agreement; and
- (o) You and your Owners and the transferee and its owners must execute a consent to Transfer agreement in a form that we prescribe that describes the conditions that must be complied with in order to obtain our consent to the Transfer.
- 13.5 Non-Control Transfers. For any Transfer that does not result in a Control Transfer, in addition to any other conditions that we reasonably specify, you and/or your transferee must satisfy (unless waived by us) the conditions in Sections 13.4 (Control Transfer), except the following conditions will not apply: Section 13.4(g) (obtain landlord's consent), 13.4(i) (complete training), 13.4(k) (sign new franchise agreement), and 13.4(l) (renovate Studio). You and your Owners must sign the form of agreement and related documents that we then specify to reflect your new ownership structure.
- 13.6 Transfer to an Entity.
Source: Item 23 — RECEIPT (FDD pages 74–251)
What This Means (2025 FDD)
The 2025 Body20 Franchise Disclosure Document does not specify a notice requirement from the landlord for a control transfer. However, the document does state that for a non-control transfer, obtaining the landlord's consent is one of the conditions that is waived by Body20. The FDD states that the franchisee may not assign the lease or sublet the premises without Body20's prior written consent, and the landlord will not consent to an assignment or subletting by the franchisee without first verifying that Body20 has given its written consent to the franchisee's proposed assignment or subletting.
It is important to note that the landlord agrees to furnish Body20 with copies of all letters and notices it sends to the franchisee pertaining to the lease and the premises, at the same time it sends such letters and notices to the franchisee. This ensures Body20 is informed of any communication between the landlord and franchisee regarding the lease.
Because the FDD does not specify the notice required from the landlord for a Body20 control transfer, a prospective franchisee should ask the franchisor about the specific requirements or procedures related to landlord notification in the event of a control transfer. Understanding these requirements is crucial for ensuring a smooth transfer process and maintaining a positive relationship with the landlord.