factual

What must the written notice from the landlord for a Body20 Control Transfer indicate?

Body20 Franchise · 2025 FDD

Answer from 2025 FDD Document

  • (g) You must provide us with written notice from your landlord indicating that your landlord has agreed to transfer the Site Lease to your transferee;

Source: Item 23 — RECEIPT (FDD pages 74–251)

What This Means (2025 FDD)

According to Body20's 2025 Franchise Disclosure Document, a franchisee must provide Body20 with written notice from their landlord indicating the landlord has agreed to transfer the site lease to the proposed transferee in the event of a control transfer. This requirement is one of several conditions that must be met, unless waived by Body20, for a proposed control transfer to be approved.

This provision ensures that the franchisee has already secured the landlord's agreement to transfer the lease to the new owner before Body20 approves the transfer. This protects Body20 by ensuring the new franchisee will have a location to operate from.

For a prospective Body20 franchisee, this means that if they decide to sell their franchise, they must first obtain the landlord's consent to transfer the lease to the buyer. This could involve negotiations with the landlord and may be subject to the landlord's own conditions or requirements. The franchisee should factor in the time and effort required to obtain the landlord's consent when planning a sale.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.