Under the Canopy Lawn Care Master Equity Lease Agreement, who is 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 Canopy Lawn Care FDD, under the Master Equity Lease Agreement, the Lessor is Enterprise FM Trust, a Delaware statutory trust. The agreement is between Enterprise FM Trust, identified as the Lessor, and the franchisee, who is identified as the Lessee.
This means that Canopy Lawn Care franchisees entering into a Master Equity Lease Agreement will be leasing vehicles or equipment from Enterprise FM Trust. The agreement outlines the terms and conditions of the lease, including rental payments and the responsibilities of both parties.
It is important for prospective Canopy Lawn Care franchisees to carefully review the Master Equity Lease Agreement to understand their obligations and the rights of the Lessor, Enterprise FM Trust. This includes understanding the payment terms, termination conditions, and any potential liabilities associated with the leased vehicles or equipment.