What is the Concessionaire required to do with letters and notices to the Licensee regarding defaults under the Concession for Budget franchises?

According to Budget's 2025 Franchise Disclosure Document, the Concessionaire must provide Budget with copies of any letters or notices sent to the Licensee (the Budget franchisee) regarding any default by the Licensee under the Concession agreement. This means that if a Budget franchisee violates the terms of their Concession agreement (typically related to the rental premises), the Concessionaire (the entity leasing the premises to the franchisee) must keep Budget informed.

Specifically, the Concessionaire must furnish these copies to Budget at the same time and in the same manner that the notice is sent to the Budget franchisee. This ensures Budget is immediately aware of any issues or defaults occurring at the franchise location.

This requirement enables Budget to monitor the franchisee's compliance with the Concession agreement and to take appropriate action if necessary to protect its brand and interests. It also allows Budget to stay informed about the operational status of its franchise locations and to intervene if a franchisee is at risk of losing their location due to a default.