Does the Lease Agreement Rider for C3 Wellness Spa have a specific expiration date?

According to C3 Wellness Spa's 2024 Franchise Disclosure Document, the Lease Agreement Rider is referenced as Exhibit 4 within the agreement. While the document defines the Lease Agreement Rider, it does not specify whether this rider itself contains a specific expiration date.

However, the FDD does address lease-related matters. For instance, C3 Wellness Spa has the option to assume or renew the lease for the premises, potentially subleasing it to another franchisee. If C3 Wellness Spa assumes the lease and later assigns it to a new franchisee approved by the landlord, C3 Wellness Spa is no longer responsible for obligations under the lease after the assignment date. The landlord's consent is not required for the assignment or assumption of the lease by C3 Wellness Spa, nor can they impose assignment fees or increase rent as a result.

Furthermore, franchisees cannot alter or terminate the lease without C3 Wellness Spa's written consent. Franchisees must also exercise any lease renewal options at least 120 days before the option's deadline, unless C3 Wellness Spa agrees otherwise in writing. If the franchisee fails to do so, C3 Wellness Spa has the right to act on the franchisee's behalf to extend or renew the lease.

Because the excerpt does not specify whether the Lease Agreement Rider has an expiration date, prospective franchisees should inquire with C3 Wellness Spa about the terms of the Lease Agreement Rider, including any expiration dates or renewal conditions, to fully understand their obligations and the franchisor's rights regarding the lease.