When entering into a new contract or renewing an existing contract with Budget, what rental policy changes described in paragraphs 6-11 must Licensees adopt?

According to Budget's 2025 Franchise Disclosure Document, when licensees enter into a new contract or renew an existing one, they must adopt the rental policy changes described in paragraphs 6-11. Additionally, Budget requires these licensees to adopt notice requirements consistent with those set forth in Appendix A.

This means that as a prospective Budget franchisee, you need to be aware that the terms and conditions of your franchise agreement are subject to change upon renewal. Specifically, Budget can mandate changes to rental policies and notice requirements, potentially impacting your operational procedures and customer interactions. Franchisees should carefully review paragraphs 6-11 and Appendix A to fully understand the scope of these potential changes.

It is important for prospective franchisees to discuss these potential changes with Budget during the due diligence process. Understanding the nature of these changes and their potential impact on your business is crucial for making an informed decision about investing in a Budget franchise. Franchisees should also seek legal counsel to fully understand their rights and obligations under the franchise agreement, particularly regarding modifications and renewals.