Can I sign a lease or contract of sale before it is approved by Card My Yard?
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)
According to Card My Yard's 2025 Franchise Disclosure Document, if a franchisee wishes to operate their Card My Yard business from a location that is not their primary residence, they must submit a description of the site, evidence that the site satisfies Card My Yard's site selection guidelines, and a final, complete copy of the lease or contract of sale for the site. The lease must include a rider in the form attached as Exhibit F.
The document explicitly states that the lease or contract for sale may not be signed by the franchisee unless it includes a rider in the specified form and is submitted to, and approved by, Card My Yard in advance. Card My Yard has fifteen days after receiving all required site information to accept or reject the proposed site.
No site may be used for a Card My Yard business unless it is first accepted in writing by Card My Yard, and the franchisee shall not make any binding commitment with respect to a site unless the site is first accepted in writing by Card My Yard. This means a franchisee cannot sign a lease or contract of sale before Card My Yard approves the site. This protects both the franchisee and Card My Yard by ensuring the location meets the brand's standards and is suitable for business operations.