What exhibit must a Byrider franchisee and landlord execute if the business location is leased?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
Upon the written approval of the proposed Business Location, the Franchisee shall execute a lease (if the Business Location is to be leased) or a binding agreement to purchase the site, the terms of which shall have been previously submitted to the Company for approval.
The Company's approval of the lease will be conditioned upon, among other things, execution by Franchisee and the landlord the form of lease addendum attached as Exhibit F hereto.
If the landlord is an affiliate of Franchisee, Franchisee must cause the landlord to execute the affiliated entity joinder attached as Exhibit G hereto.
The Company's review of and consent to the lease are limited to those provisions and items that the Company believes are necessary and appropriate solely for its own purposes and its own benefit as the licensor of the Marks and the System.
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, if a franchisee chooses to lease their business location, Byrider requires that both the franchisee and the landlord execute a specific lease addendum. This addendum is provided as Exhibit F to the Franchise Agreement. This requirement ensures that Byrider has certain protections and rights related to the leased property.
Furthermore, if the landlord is affiliated with the franchisee, Byrider requires the franchisee to ensure that the landlord also executes an 'affiliated entity joinder,' which is included as Exhibit G to the Franchise Agreement. This provision is likely in place to prevent conflicts of interest or to ensure that Byrider's interests are protected even if the landlord and franchisee have a close relationship.
Byrider's review and approval of the lease are specifically limited to provisions and items that the company deems necessary and appropriate for its own purposes and benefit as the licensor of the Byrider marks and system. This means that while Byrider needs to approve the lease, their focus is on protecting their brand and system rather than the franchisee's specific business terms with the landlord. Prospective franchisees should carefully review Exhibit F and Exhibit G and understand their implications before signing a lease agreement.