Does the Lease Agreement Rider for C3 Wellness Spa specify any obligations for the Tenant?
C3_Wellness_Spa Franchise · 2024 FDDAnswer from 2024 FDD Document
as Exhibit 4 to the Franchise Agreement (the "Lease Agreement Rider") and that you collaterally assign the lease to us as set f
Source: Item 23 — RECEIPTS (FDD pages 59–293)
What This Means (2024 FDD)
According to the 2024 C3 Wellness Spa Franchise Disclosure Document, Exhibit 4 is the Lease Agreement Rider. The document defines "Lease Agreement Rider" as the form "Lease Agreement Rider" attached to the agreement as Exhibit 4. However, the excerpt does not specify the obligations of the tenant within the Lease Agreement Rider.
Because the excerpt only identifies the Lease Agreement Rider by its exhibit number, prospective franchisees should carefully review Exhibit 4 of the Franchise Agreement to fully understand their obligations as a tenant. This would include understanding the specific terms and conditions outlined in the rider, as these will govern the franchisee's rights and responsibilities related to the leased premises.
To gain a comprehensive understanding, a potential C3 Wellness Spa franchisee should ask the franchisor for a detailed explanation of the Lease Agreement Rider. This inquiry should cover all aspects of the tenant's obligations, including rent payments, maintenance responsibilities, insurance requirements, and any other relevant clauses that could impact the franchisee's operation of the C3 Wellness Spa.