What is the procedure for a Budget licensee to notify Budget of a change in the General Manager?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
Licensee will notify Budget of any proposed change in its General Manager.
Any replacement General Manager must complete the instruction Budget prescribes to Budget's satisfaction.
No person may be employed as the General Manager unless such person will have completed the instruction furnished by Budget to Budget's satisfaction.
- 9.2 Management.
Licensee shall notify Budget of the names and addresses of all of Licensee's officers, directors and managers.
Licensee shall notify Budget immediately in the event changes in any such positions occur, including providing Budget with organizational documents executed to effect or approve such change, as set forth in Exhibit G.
Budget reserves the right to periodically run criminal background checks and credit checks on any of Licensee's officers, directors and managers, including at the time of renewal.
Source: Item 23 — RECEIPTS (FDD pages 80–426)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, a licensee must notify Budget of any proposed change in its General Manager. The General Manager designated by the licensee at the time of the agreement's execution is detailed in the Summary Pages, Section 5. Any replacement General Manager is required to complete the instruction Budget prescribes to Budget's satisfaction. No person may be employed as the General Manager unless they have completed the instruction furnished by Budget to Budget's satisfaction.
Budget also requires that the licensee notify Budget of the names and addresses of all of the licensee's officers, directors, and managers. The licensee must notify Budget immediately if there are any changes in these positions, including providing Budget with organizational documents executed to effect or approve such change, as set forth in Exhibit G.
Budget retains the right to periodically run criminal background checks and credit checks on any of the licensee's officers, directors, and managers, including at the time of renewal. This ensures that all individuals in management positions meet Budget's standards and qualifications. The initial General Manager is listed in the Summary Pages (Section 5) of the agreement.