In the Master Equity Lease Agreement for Canopy Lawn Care, who is identified as the Lessor?
Canopy_Lawn_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
| This Master Equity Lease Agreement is entered into this day of, 20, by and between Enterprise FM Trust, a Delaware statutory trust | |
|---|---|
| ("Lessor"), and the lessee whose name and address is set forth on the signature page below ("Lessee"). |
Source: Item 23 — RECEIPT (FDD pages 55–199)
What This Means (2025 FDD)
According to the 2025 Franchise Disclosure Document, the Lessor in the Master Equity Lease Agreement for Canopy Lawn Care is Enterprise FM Trust, a Delaware statutory trust. The agreement is between Enterprise FM Trust as the Lessor and the franchisee (Lessee), whose name and address are detailed on the signature page of the agreement.
This means that Canopy Lawn Care franchisees will be leasing vehicles from Enterprise FM Trust under the terms of the Master Equity Lease Agreement. This agreement outlines the terms and conditions for leasing vehicles necessary for operating the Canopy Lawn Care franchise.
It is important for prospective franchisees to carefully review the Master Equity Lease Agreement to understand their obligations, including payment schedules, maintenance responsibilities, and termination conditions. Additionally, franchisees should note that Enterprise Fleet Management, Inc. or an affiliate may act as a servicer on behalf of the Lessor, administering the agreement and performing service functions.