What exhibit contains the lease addendum that must be executed for Byrider's approval of the lease?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
Upon the written approval of the proposed Business location, you will execute a lease (if the Business location is to be leased) or a binding agreement to purchase the site, with terms that have been approved by Byrider Franchising Partners. Byrider Franchising Partners' approval of the lease will be conditioned upon execution of the lease addendum attached as Exhibit G to the Franchise Agreement by you and the landlord.
Source: Item 11 — (FDD pages 42–50)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, Byrider's approval of a franchisee's lease is contingent upon the franchisee and the landlord executing a lease addendum. This lease addendum is included as Exhibit G to the Franchise Agreement.
This means that if a prospective Byrider franchisee chooses to lease their business location, they must ensure that the lease agreement includes the addendum specified by Byrider. This addendum likely contains terms and conditions that Byrider deems necessary to protect its interests and ensure the location meets its standards.
It is important for potential franchisees to carefully review Exhibit G and understand the obligations it places on both the franchisee and the landlord. They should also discuss the addendum with their landlord and legal counsel to ensure that all parties are in agreement before signing the lease.