When will the Sublandlord provide office keys to the Subtenant for a C3 Wellness Spa?
C3_Wellness_Spa Franchise · 2024 FDDAnswer from 2024 FDD Document
| 1. | Parties. This Sublease Agreement ("Sublease"), dated to be effective as of |
|---|---|
| ("Effective Date"), is made between [Franchisee MSO Entity] ("Sublandlord") and [Medical | |
| Entity] ("Subtenant"). Unless otherwise defined in this Sublease, capitalized terms have the | |
| meanings set forth in the Office Lease Agreement between Landlord (defined below) and | |
| Sublandlord dated ("Master Lease"). | |
| 2. | Premises. Sublandlord subleases to Subtenant on the terms and conditions set forth in this Sublease |
| the | |
| exclusive | |
| right | |
| to | |
| use | |
| certain | |
| designated | |
| space | |
| Sublandlord | |
| is | |
| leasing | |
| from | |
| ("Landlord"), located at ("Premises") | |
| comprising rentable square feet on the Premises ("Sublease Premises"). | |
| 3. | As-Is. Subtenant specifically agrees that the Sublease Premises is being sublet by Sublandlord to |
| Subtenant in its "As-Is" condition and with no obligation for Sublandlord to make any | |
| improvements to the Sublease Premises or otherwise maintain or repair the Sublease Premises. | |
| 4. | Term and Conditions Precedent. Subject to the terms in this Agreement, the "Term" of this |
| Sublease shall commence on the Effective Date, and end on termination of the Management | |
| Services Agreement, unless otherwise terminated as set forth below ("Termination Date"). | |
| Possession of the Sublease Premises ("Possession") shall be delivered to Subtenant on the | |
| commencement of the Term. In the event of the termination of Sublandlord's interest as Tenant | |
| under its Lease of Premises with Landlord, or the termination of the Management Services | |
| Agreement for any reason, then this Sublease will terminate automatically upon such termination | |
| without any liability of the Landlord or Sublandlord. | |
| 5. | Rent. Subtenant will pay to Sublandlord, rent attributable to the Sublease Premises as part of |
| Sublandlord's monthly management fee as set forth in the Management Services Agreement. | |
| 6. | Security Deposit. Not applicable. |
| 7. | Office Keys. On or before the Effective Date, Sublandlord will provide Subtenant with office keys |
| to the Premises. |
Source: Item 23 — RECEIPTS (FDD pages 59–293)
What This Means (2024 FDD)
According to the 2024 C3 Wellness Spa Franchise Disclosure Document, the Sublandlord will provide the Subtenant with office keys to the Premises on or before the Effective Date of the Sublease Agreement. This is according to item 7 in the sublease agreement.
The "Effective Date" is defined in item 1 of the Sublease Agreement as the date the Sublease is effective, which is agreed upon by the Sublandlord (the franchisee MSO entity) and the Subtenant (the medical entity). The Sublease outlines the terms and conditions under which the Sublandlord subleases designated space to the Subtenant, with the Subtenant having the exclusive right to use the space.
This arrangement is subject to the terms and conditions outlined in the Sublease Agreement. The Subtenant's use of the premises is specifically for treatment purposes related to aesthetic medical procedures and treatments. The Sublease is governed by the laws of the state in which it is executed, and any legal actions arising from the agreement will entitle the prevailing party to recover costs and reasonable attorneys' fees.