What is required for Byrider Franchising Partners' approval of a lease for a Byrider franchise location?
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, after Byrider Franchising Partners provides written approval of a proposed business location, a franchisee must execute a lease or binding agreement to purchase the site. The terms of this lease or purchase agreement must be approved by Byrider.
Specifically, Byrider Franchising Partners' approval of the lease is conditional. The franchisee and the landlord must execute a lease addendum, which is included as Exhibit G to the Franchise Agreement.
This requirement ensures that Byrider maintains control over the locations of its franchises and that the lease terms are favorable and align with Byrider's standards. Prospective franchisees should carefully review Exhibit G of the Franchise Agreement to understand the specific requirements of the lease addendum.