How many renewal options are available for a Buildingstars On-Site Manager Franchise Agreement?
Buildingstars Franchise · 2025 FDDAnswer from 2025 FDD Document
| PROVISION | SECTION IN FRANCHISE AGREEMENT | SUMMARY |
|---|---|---|
| 1 year for Technician's Franchise Agreement; 3 years for On-Site Manager | ||
| a. Term of the franchise | Section V | Franchise Agreement and 5 years for Corporate Franchise Agreement. |
| b. Renewal or extension | Section V | 3 renewals for 1 year each for Technician Franchise Agreement, however, if a new franchise agreement is not signed, the original franchise agreement continues on a month-to-month basis; 3 renewals for 3 years each for On-Site Manager Franchise Agreement and 3 renewals of 5 years each for Corporate Franchise Agreement - all subject to terms of Section V of the Franchise Agreement. |
| c. Requirement for franchisee to renew or extend | Section V | Give notice, sign the then current franchise agreement, and pay a renewal fee. The then current franchise agreement may contain terms and conditions materially different from those in your previous franchise agreement, such as different fee requirements. Corporate Program franchises must also have been in full compliance with the Minimum Revenue Requirements. |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 29–31)
What This Means (2025 FDD)
According to Buildingstars's 2025 Franchise Disclosure Document, an On-Site Manager Franchise Agreement has three renewal options. Each renewal extends the agreement for a period of three years. These renewals are subject to the terms outlined in Section V of the Franchise Agreement.
To renew the franchise agreement, a Buildingstars franchisee must provide notice, sign the then-current franchise agreement, and pay a renewal fee. It is important to note that the terms and conditions of the renewed franchise agreement may differ significantly from the original agreement, potentially including different fee requirements. Therefore, franchisees should carefully review the new agreement before committing to the renewal.
For Corporate Program franchises, there is an additional requirement to have been in full compliance with the Minimum Revenue Requirements to be eligible for renewal. While this requirement does not apply to On-Site Manager franchises, it highlights the importance of understanding and meeting all obligations outlined in the franchise agreement to maintain eligibility for renewal.