How does Card My Yard handle leases with terms of 12 months or less?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
- (2) If you wish to operate your Card My Yard Business from a location that is not your primary residence, then before acquiring a site for the Card My Yard business, you must submit to us, in the form specified by us, a description of the site, evidence satisfactory to us demonstrating that the site satisfies our site selection guidelines, and such other information and materials as we may reasonably require,including, but notlimited to, a final, complete copy of the lease (which must incorporate a rider in substantially the form attached hereto as Exhibit F) or contract of sale for the site for your Card My Yard business.
Such lease or contract for sale may not be signed by you unless it includes a rider in substantially the form attached hereto as Exhibit F and is submitted to, and approved by, us in advance.
- (3) We shall have fifteen (15) days after receiving all required site information to accept or reject, in our sole discretion, the proposed site as the location for your Card My Yard business.
No site may be used for a Card My Yard business unless it is first accepted in writing by us, and you shall not make any binding commitment with respect to a site for your Card My Yard business unless the site is first accepted in writing by us.
Source: Item 23 — RECEIPTS (FDD pages 84–259)
What This Means (2025 FDD)
Based on the 2025 Card My Yard Franchise Disclosure Document, if a franchisee chooses to operate their Card My Yard business from a location other than their primary residence, they must submit a description of the site and evidence that it meets Card My Yard's site selection guidelines. This submission must include a final copy of the lease, incorporating a rider in the form attached as Exhibit F.
The lease or contract of sale cannot be signed unless it includes the Exhibit F rider and is approved by Card My Yard in advance. Card My Yard has 15 days to accept or reject the proposed site after receiving all required information. No site can be used for the Card My Yard business unless it is first accepted in writing by Card My Yard, and the franchisee cannot make any binding commitment regarding the site until it is approved.
The FDD does not specify different procedures or requirements based on the lease term length (e.g., leases of 12 months or less). Therefore, the same approval process applies regardless of whether the lease is short-term or longer. A prospective franchisee should confirm with Card My Yard whether there are any specific considerations or restrictions related to short-term leases.