Who are the parties involved in the 'Lease' that the Rider modifies for C3 Wellness Spa?
C3_Wellness_Spa Franchise · 2024 FDDAnswer from 2024 FDD Document
| THIS RIDER TO LEASE | ("Rider") does hereby supplement, modify and amend the terms of the lease | |||
|---|---|---|---|---|
| agreement (the "Lease") dated by and between, a with a principal |
Source: Item 23 — RECEIPTS (FDD pages 59–293)
What This Means (2024 FDD)
According to C3 Wellness Spa's 2024 Franchise Disclosure Document, the Lease Agreement Rider modifies the terms of the lease agreement. The parties involved in the lease are not fully identified in the provided excerpt, but the table indicates that the lease agreement is dated "by and between, a with a principal". This suggests that there are at least two parties: the landlord and the tenant. The tenant is expected to be the franchisee, as they will be occupying the premises for their C3 Wellness Spa location.
It is important for a prospective C3 Wellness Spa franchisee to fully understand the lease terms and the Lease Agreement Rider, as these documents govern the franchisee's rights and obligations with respect to the spa location. The franchisee should carefully review the lease agreement and rider with legal counsel to ensure that the terms are favorable and that the franchisee is protected.
Since the provided excerpt does not fully identify the parties involved in the lease, a prospective franchisee should ask C3 Wellness Spa for a complete copy of the standard lease agreement and Lease Agreement Rider. This will allow the franchisee to fully understand their obligations and negotiate any necessary changes with the landlord before signing the lease.