In a Byrider franchise assignment, what lease-related conditions must be met with the Business Location's landlord?

According to Byrider's 2025 Franchise Disclosure Document, if a franchisee seeks to transfer their franchise agreement, business, or a controlling ownership interest, certain lease-related conditions must be met concerning the Business Location's landlord. Specifically, the landlord must allow the franchisee to transfer the Business Location's lease to the assignee. Additionally, the assignee must assume all obligations of the franchisee under the lease. Finally, the franchisee must not be in default with respect to any of its obligations under the lease.

These conditions ensure that the transfer of the Byrider franchise does not negatively impact the lease agreement for the Business Location. By requiring the landlord's approval and the assumption of lease obligations by the assignee, Byrider aims to maintain a stable and compliant business operation at the location.

For a prospective Byrider franchisee, this means that any future plans to sell or transfer the franchise will depend on the cooperation of the landlord and the assignee's willingness to take on the existing lease terms. Franchisees should maintain a good relationship with their landlord and ensure they are not in default of their lease obligations to facilitate a smooth transfer process if they choose to assign their franchise.